Question: Certain item descriptions and amounts are missing from the monthly schedule of cost of goods manufactured below and the income statement of Tretinik Manufacturing. Fill
Certain item descriptions and amounts are missing from the monthly schedule of cost of goods manufactured below and the income statement of Tretinik Manufacturing. Fill in the missing items.
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TRETINIK MANUFACTURING COMPANY June 30 Beginning S 21,000 Add: Direct Beginning raw materials inventory Purchases of direct materials 51,000 78,000 (23,000) Ending raw materials inventory Direct Direct Manufacturing overhead Total Total costs 40,000 costs 166,000 Less: Ending 25,000) TRETINIK MANUFACTURING COMPANY June 30 Sales revenue S X Cost of goods sold: Beginning $115,000 Cost of goods Ending Cost of goods sold Gross profit 209,000 254,000 expenses: Marketing expense Administrative expense 99,000 x 154,000 ncome
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