Finished goods inventory, ending General and administrative expenses Accounts receivable Finished goods inventory, beginning Cost of...

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Finished goods inventory, ending General and administrative expenses Accounts receivable Finished goods inventory, beginning Cost of goods manufactured Selling expenses Cash Land Sales Equipment $ 16,300 14,300 18,300 19,300 40,300 12,300 55,300 28,300 92,600 1,300 Sales Cost of goods sold REX MANUFACTURING Income Statement For Year Ended December 31 Finished goods inventory, beginning Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Gross profit General and administrative expenses Selling expenses Net income $ 69 19,300 40,300 59,600 69 $ 92,600 Finished goods inventory, ending General and administrative expenses Accounts receivable Finished goods inventory, beginning Cost of goods manufactured Selling expenses Cash Land Sales Equipment $ 16,300 14,300 18,300 19,300 40,300 12,300 55,300 28,300 92,600 1,300 Sales Cost of goods sold REX MANUFACTURING Income Statement For Year Ended December 31 Finished goods inventory, beginning Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Gross profit General and administrative expenses Selling expenses Net income $ 69 19,300 40,300 59,600 69 $ 92,600