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 Tioga Manufacturing Company. Fill in the missing items.
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Calculation of the Cost of Goods Manufactured $ 20,000 Beginning Add: Direct Beginning raw materials inventory Purchases of direct materials 58,000 83,000 (29,000) Ending raw materials inventory Direct Direct Manufacturing overhead Total costs Totalcosts Less: Ending 47,000 $171,000 (23,000) Tioga Manufacturing Company June 30 Sales revenue Cost of goods sold: Beginning $111,000 Cost of goods Ending Cost of goods sold Gross profit 216,000 264,000 expenses: Marketing expense $100,000 167,000 S X Administrative expense Operating income
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