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

Essay

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