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. Line Item Description Amount Amount Amount Finished goods inventory, June 1 $73,700 $22,100 (e) Cost of goods manufactured 361, 100 (c) 77,400 Cost of finished goods available for sale (a) $210,000 $121, 600 Finished goods inventory, June 30 84,400 44, 100 (f) Cost of goods sold (b) (d) $111,900

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. Line Item Description Amount Amount Amount Finished goods inventory, June 1 $73,700 $22,100 (e) Cost of goods manufactured 361, 100 (c) 77,400 Cost of finished goods available for sale (a) $210,000 $121, 600 Finished goods inventory, June 30 84,400 44, 100 (f) Cost of goods sold (b) (d) $111,900

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 27E: Selected information concerning the operations of a company for the year ended December 31 is as...

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