Two items are omitted from each of the following three lists of cost of goods sold data

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Two items are omitted from each of the following three lists of cost of goods sold data from a manufacturing company income statement. Determine the amounts of the missing items, identifying them by letter.

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Financial and Managerial Accounting Using Excel for Success

ISBN: 978-1111993979

1st edition

Authors: James Reeve, Carl S. Warren, Jonathan Duchac

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Question Posted: Nov 22, 2018 01:06 PM

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Two items are omitted from each of the following three lists of cost of goods sold data

Question:

$ 44,000 235,000 $ 33,000 (c) Finished goods inventory, November 1 (e) Cost of goods manufactured 404,000 Cost of finished goods available for sale (a) $186,000 $450,000 Finished goods inventory, November 30 52,000 44,000 (f) Cost of goods sold (b) (d) $428,000

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a 279000 235000 44000 b 227...View the full answer

Financial and Managerial Accounting Using Excel for Success

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