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P16-26A

Accounting, 9e
P16-26A Preparing financial statements for a manufacturer
LO 6 [25-35 minutes]
Students please fill-in areas that are shaded
Student Name
Course Name
Student ID:
Date:
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
Purchases of materials 54,000
Available for use $ 80,000
Ending direct materials inventory (23,000)
Direct _____________ $ X
Direct _____________ X
Manufacturing overhead: 43,000
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
Cost of goods sold 217,000
Gross profit $ 283,000
_________expenses:
Marketing expenses $ 94,000
Administrative expenses X 159,000
______income $ X
Requirements
1. Fill in the missing words (___) and amounts (X).
Test Your Knowledge
P16-26A
Req. 1 Show missing words shown in red. Missing numbers highlighted with darker green.
TIOGA MANUFACTURING COMPANY
__________June 30, 2012
Beginning $ 22,000
Direct _______________:
Beginning direct materials inventory $ X
Purchases of materials 54,000
Available for use $ 80,000
Ending direct materials inventory (23,000)
Direct _____________ $ X
Direct _____________ X
Manufacturing overhead: 43,000
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
Cost of goods sold 217,000
Gross profit $ 283,000
_________expenses:
Marketing expenses $ 94,000
Administrative expenses X 159,000
______income $ X
* From the Schedule of Cost of Goods Manufactured

Jennie April