Attached is the complete Info Preparing financial statements for a manufacturer [25 35 min] Certain item descriptions and amounts are missing from the monthly schedule of cost of goods manufactured a

Attached is the complete Info

Preparing financial statements for a manufacturer [25–35 min] Certain item descriptions and amounts are missing from the monthly schedule of cost of goods manufactured and the income statement of Tioga Manufacturing Company.

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P16-26A
6
Preparing financial statements for a manufacturer [25–35 min]
Certain item descriptions
and amounts are missing from the monthly schedule of cost of goods manufactured and the
income statement of Tioga Manufacturing Company.
TIOGA MANUFACTURING COMPANY __________________________________________
________ June 30, 2012
Beginning ______________
$ 22,000
Direct __________:
Beginning direct materials
inventory
$X
Purchase of materials
54,000
______
$
80,000
Ending direct materials
inventory
(23,000
)
Direct ___________
$X
Direct ___________
X
Manufacturing overhead
43,00
0
Total ______ costs ________
175,000
Total ______ costs ________
$X
Ending __________
(29,000)
________
$X
TIOGA MANUFACTURING COMPANY __________________________________________
________ June 30, 2012
Sales revenue
$X
Cost of goods sold:
Beginning __________
$ 112,000
______
X
Cost of goods
________
$X
Ending __________
X

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Cost of goods sold
217,000
Gross profit
$ 283,000
________ expenses:
Marketing expenses
$ 94,000
Administrative
expenses
X
159,000
______ income
$X
Requirement
1.
Fill in the missing words (___) and amounts (X).

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