Income Statement for a Manufacturing Company Two items are omitted from each of the following three...
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Income Statement for a Manufacturing Company Two items are omitted from each of the following three lists of cost of goods sold data from a manufacturing company income statement. Determine the amounts of the missing items, identifying them by letter. Finished goods inventory, June 1 $15,300 Cost of goods manufactured Cost of finished goods available for sale Finished goods inventory, June 30 Cost of goods sold b. d. e. f. S S S S $ S $52,700 284,600 (a) 65,400 (b) $145,400 30,500 53,600 $84,200 (f) (d) $77,500 Income Statement for a Manufacturing Company Two items are omitted from each of the following three lists of cost of goods sold data from a manufacturing company income statement. Determine the amounts of the missing items, identifying them by letter. Finished goods inventory, June 1 $15,300 Cost of goods manufactured Cost of finished goods available for sale Finished goods inventory, June 30 Cost of goods sold b. d. e. f. S S S S $ S $52,700 284,600 (a) 65,400 (b) $145,400 30,500 53,600 $84,200 (f) (d) $77,500
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The missing items are a Cost of finished goods available for sale 145400 this is the sum of the cost of goods manufactured and the beginning finished ... View the full answer
Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
Posted Date:
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