Income Statement for a Manufacturing Company Two items are omitted from each of the following...
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Accounting
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
$51,800
$15,000
(e)
Cost of goods manufactured
248,600
(c)
52,500
Cost of finished goods available for sale
(a)
$142,500
$82,500
Finished goods inventory, June 30
58,300
29,900
(f)
Cost of goods sold
(b)
(d)
$75,900
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 missing items, Identifying them by letter Finished goods inventory, June 1 $51,800 $15,000 (e) Cost of goods manufactured 248,600 (c) 52,500 Cost of finished goods available for sale (a) $142,500 $82,500 Finished goods inventory, June 30 58,300 29,900 0 Cost of goods sold (b) (d) $75,900 a. b. d
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