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Determine the cost of goods manufactured

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Question - Sandhill Co.'s trial balance of income statement accounts only for the year ended December 31, 2020 included the following:

Debit Credit

Sales revenue $287000

Cost of goods sold $171000

Administrative expenses 36400

Loss on disposal of equipment 17400

Sales commission expense 15400

Interest revenue 10300

Freight-out 6500

Loss from discontinued operations 24100

Bad debt expense 5700

Other information: Sandhill's income tax rate is 30%. Finished goods inventory:

January 1, 2020 $159000

December 31, 2020 141000

Required - On Sandhill's multiple-step income statement for 2020, determine the Cost of goods manufactured?

Reference no: EM133005801

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