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

Requirement

Fill in the missing items.

MANUFACTURING COMPANY June 30, 2012 Beginning Direct $ 20,000 Beginning materials inventory Purchase of materials 56,000 77,000 (27,000) Ending materials inventor Direct Direct Manufacturing overhead 44,000 Total Total Ending costs $171,000 costs (22,000) Sales revenue Cost of goods sold: Beginning 114,000 Cost of goods Ending Cost of goods sold Gross proft 222,000 238,000 expenses: Marketing expenses Administrative expenses 96,000 X 156,000 income