Ask Question
Today, 07:27

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 $116,600 $38,880 (e) Cost of goods manufactured 825,900 (c) 180,000 Cost of finished goods available for sale (a) $540,000 $1,100,000 Finished goods inventory, June 30 130,000 70,000 (f) Cost of goods sold

+1
Answers (1)
  1. Today, 11:08
    0
    Finished goods inventory is $116,600, $38,880, $920,000

    Cost of Goods Manufactured is $825,900, $501,120, $180,000

    Cost of finished goods available is $942,500, $540,000, 1,100,000

    finished Goods inventory is $130,000, $70,000, $155,000

    Cost of Goods Sold is $812,000, $470,000, $945,000

    Explanation:

    The answer to the question is given below:

    Finished goods inventory is $116,600, $38,880, $920,000

    Cost of Goods Manufactured is $825,900, $501,120, $180,000

    Cost of finished goods available is $942,500, $540,000, 1,100,000

    finished Goods inventory is $130,000, $70,000, $155,000

    Cost of Goods Sold is $812,000, $470,000, $945,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Two items are omitted from each of the following three lists of cost of goods sold data from a manufacturing company income statement. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers