Certain item descriptions and amounts are missing from the monthly schedule of cost of goods manufactured and
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Certain item descriptions and amounts are missing from the monthly schedule of cost of goods manufactured and income statement of Chili Manufacturing Company. Fill in the missing items.
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Chili Manufacturing Company June 30 27,000 Beginning Add: Direct Beginning raw materials inventory Purchases of direct materials 56,000 80,000 28,000) Ending raw materials inventory Direct Direct Manufacturing overhead Total Total Less: Ending 43,000 costs $174,000 COsts (21,000) Chili Manufacturing Company June 30 Sales revenue S X Cost of goods sold: Beginning $114,000 Cost of goods Ending Cost of goods sold Gross profit 228,000 242,000 expenses Marketing expense Administrative expense 98,000 166,000 income
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Related Book For
Managerial Accounting
ISBN: 978-0176223311
1st Canadian Edition
Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp
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