In October, Ringler Corporation had sales of $273,000, selling expenses of $26,000, and administrative expenses of $47,000. The cost of goods manufactured was $183,000. The beginning balance in the finished goods inventory account was $45,000 and the ending balance was $34,000.
Required:
Prepare an Income Statement in good form for October.

Question

Quizplus · Accepted Answer

The Answer of In October, Ringler Corporation had sales of $273,000, selling expenses of $26,000, and administrative expenses of $47,000. The cost of goods manufactured was $183,000. The beginning balance in the finished goods inventory account was $45,000 and the ending balance was $34,000.
Required:
Prepare an Income Statement in good form for October.

In October, Ringler Corporation Had Sales of $273,000, Selling Expenses