Certain item descriptions and amounts are missing from the monthly calculation of cost of goods manufactured and
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Certain item descriptions and amounts are missing from the monthly calculation of cost of goods manufactured and the income statement of Elly Manufacturing. Fill in the missing items.
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Calculation of Cost of Goods Manufactured Beginning Add: Direct $ 21,000 Beginning raw materials inventory Purchases of direct materials 53,000 77,000 (23,000) Ending raw materials inventory Direct Direct Manufacturing overhead Totalcosts Totalcosts Less: Ending 45,000 169,000 (27,000) s X ELLY MANUFACTURING COMPANY June 30 Sales revenue Cost of goods sold: Beginning $116,000 Cost of goods Ending Cost of goods sold Gross profit 210,000 300,000 expenses: Marketing expense Administrative expense $94,000 154,000 Operating income
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