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




Certain item descriptions and amounts are missing from the monthly schedule of cost of goods manufactured and the income statement of Elly Manufacturing Company Ltd. a (Click the icon to view the schedule of cost of goods manufactured.) a (Click the icon to view the income statement.) Requirement Fill in the missina words i l and amounts (X). Elly Manufacturing Company Ltd 30 June 2016 Beginning $ 27 000 Direct Beginning direct materials inventory |:| Purchases of materials $ 78 000 Ending direct materials inventory (26 000) Direct Direct Manufacturing overhead Total costs Total costs (22 000) Ending Now we will ll in the missing information on the income statement. Elly Manufacturing Company Ltd : 30 June 2016 Sales revenue :| Cost of sales: Beginning $ 116 000 Cost of sales 223 000 Gross prot $ 257 000 : expenses: Selling expenses $ 100 000 Administrative expenses |;| 157 000 Elly Manufacturing Company Ltd 30 June 2016 Beginning $ 27 000 Direct Beginning direct materials inventory $ X Purchase of materials 54 000 $ 78 000 Ending direct materials inventory (26 000) Direct $ X Direct X Manufacturing overhead 42 000 Total 170 000 costs Total costs $ X Ending (22 000) $ XData table Manufacturing Company Ltd 30 June 2016 Sales revenue Cost of sales: Beginning $ 116 000 X Cost of goods $ X Ending X Cost of sales 223 000 Gross prot $ 257 000 expenses: Selling expenses $ 100 000 Administrative expenses X 157 000 $X
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