Fontana Manufacturing provided the following information for the month ended March 31: $\begin{array} { l | l | }
\hline \text { Sales Revenue } & \$ 26,000 \
\hline \text { Beginning Finished Goods Inventory } & 8000 \
\hline \text { Ending Finished Goods Inventory } & 13,500 \
\hline \text { Cost of Goods Manufactured } & 15,600 \
\hline
\end{array}$ Compute cost of goods available for sale.

Question

Fontana Manufacturing provided the following information for the month ended March 31: $\begin{array} { l | l | } 
\hline \text { Sales Revenue } & \$ 26,000 \
\hline \text { Beginning Finished Goods Inventory } & 8000 \
\hline \text { Ending Finished Goods Inventory } & 13,500 \
\hline \text { Cost of Goods Manufactured } & 15,600 \
\hline
\end{array}$ Compute cost of goods available for sale.

Quizplus · Accepted Answer

$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\text {Fontana Manufacturing}$
$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\text {Income Statement}$
$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\text {Month Ended March 31, 20?X}$
$ \begin{array}{lr}
\text { Revenues }&&\
 \text { Sales Revenue}&&\$ 26,000 \
\text { Beginning Finished Goods Inventory } & \$ 8000 \ \text { Cost of Goods Manufactured } & \underline{15,600} \ \text { Cost of Goods Available for Sale } & 23,600 \ \text { Ending Finished Goods Inventory } & \underline{13,500} \
 \text { Cost of Goods Sold}&&\underline{10,100}\
 \text { Gross Profit}&&\underline{\$ 15,900} 
 \end{array} $

Fontana Manufacturing Provided the Following Information for the Month Ended