Question: Certain item descriptions and amounts are missing from the monthly schedule of cost of goods manufactured and income statement of Chili Manufacturing Company. Fill in
Certain item descriptions and amounts are missing from the monthly schedule of cost of goods manufactured and income statement of Chili Manufacturing Company. Fill in the missing items.
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Chili Manufacturing Company June 30 27,000 Beginning Add: Direct Beginning raw materials inventory Purchases of direct materials 56,000 80,000 28,000) Ending raw materials inventory Direct Direct Manufacturing overhead Total Total Less: Ending 43,000 costs $174,000 COsts (21,000) Chili Manufacturing Company June 30 Sales revenue S X Cost of goods sold: Beginning $114,000 Cost of goods Ending Cost of goods sold Gross profit 228,000 242,000 expenses Marketing expense Administrative expense 98,000 166,000 income
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