In June 20y0,the Johnson Company has Cost of Goods Manufactured of $296,000;beginning Finished Goods Inventory of $29,730;and ending Finished Goods Inventory of $19,990.Prepare an income statement in good form.(Ignore taxes. )The following additional information is available:
Selling Expenses $ 40,500
Administrative Expenses $ 19,700
Sales $ 475,600

Question

In June 20y0,the Johnson Company has Cost of Goods Manufactured of $296,000;beginning Finished Goods Inventory of $29,730;and ending Finished Goods Inventory of $19,990.Prepare an income statement in good form.(Ignore taxes. )The following additional information is available:
Selling Expenses                              $ 40,500 
Administrative Expenses                   $ 19,700 
Sales                                                     $ 475,600

Quizplus · Accepted Answer

The Answer of In June 20y0,the Johnson Company has Cost of Goods Manufactured of $296,000;beginning Finished Goods Inventory of $29,730;and ending Finished Goods Inventory of $19,990.Prepare an income statement in good form.(Ignore taxes. )The following additional information is available:
Selling Expenses                              $ 40,500 
Administrative Expenses                   $ 19,700 
Sales                                                     $ 475,600

In June 20y0,the Johnson Company Has Cost of Goods Manufactured