EX 18-14 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 $ 52,800 $ 39,600 (e)
Cost of goods manufactured 282,000 (c) 323,200
Cost of finished goods available for sale (a) $223,200 $360,000
Finished goods inventory, November 30 62,400 52,800 (f)
Cost of goods sold (b) (d) $342,400


Answer:
a. $334,800 ($52,800 + $282,000)
b. $272,400 ($334,800 – $62,400)
c. $183,600 ($223,200 – $39,600)
d. $170,400 ($223,200 – $52,800)
e. $36,800 ($360,000 – $323,200)
f. $17,600 ($360,000 – $342,400)