Two items are omitted from each of the following three lists of cost of goods sold data from a… 1 answer below »
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, November 1
$44,000
$33,000
(e)
Cost of goods manufactured
235,000
(c)
404,000
Cost of finished goods available for sale
(a)
$186,000
$450,000
Finished goods inventory, November 30
52,000
44,000
(f )
Cost of goods sold
(b)
(d)
$428,000
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