a)
Introduction: Cost of goods manufactured refers to the overall
To prepare: The cost of goods manufactured schedule for the year ended June 30, 2020.
b)
Introduction: An income statement is prepared by the business organizations to know how much amount of gross profit or net profit they earn during the year. An income statement's objective is to display a company's financial success over a specific time frame.
To prepare: The income statement for the year ended June 30, 2020.
c)
Introduction: The balance sheet of an organization shows the financial situation as of a particular date. The balance sheet is used by the investors, and management to assess the financial position of the company.
To prepare: The current assets section of the balance sheet as at June 30, 2020.
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