Certain item descriptions and amounts are missing from the monthly schedule of cost of goods manufactured and the income statement of Pinta Manufacturing Company.

Requirement

1. Fill in the missing words (___) and amounts (X).

PINTA MANUFACTURING COMPANY June 30, 2012 $ 25,000 Beginning Dirct Beginning direct materials inventory Purchase of materials 57,000 $ 85,000 Ending direct materials inventory (22,000) Direct Dircct Manufacturing overhead 45,000 Total 182,000 costs Total costs Ending (21,000) PINTA MANUFACTURING COMPANY June 30, 2012 Sales revenue Cost of goods sold: $ 113,000 Beginning Cost of goods Ending Cost of goods sold Gross profit 231,000 $ 209,000 nses: $ 93,000 Marketing expenses Administrative expenses 154,000 2$ income %24