Prepare an income statement for the month of october

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Questions -

Q1. Schedule of Cost of Goods Sold. The balance in Blue Oak Company's finished goods inventory account was $25,000 at the beginning of September and $28,000 at the end of September. Cost of goods manufactured for the month totaled $17,000. Prepare a schedule of cost of goods sold for the month of September.

Q2. Income Statement. Auto Products, Inc., had the following activity for the month of October.

Sales revenue $1,100,000

Selling expenses $300,000

General and administrative expenses $230,000

Cost of goods sold $475,000

Prepare an income statement for the month of October.

Reference no: EM133186352

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