Planet Manufacturing provided the following information for the month ended March 31:
$$\begin{array} { | l | r | }
\hline \text { Sales Revenue } & \$ 22,000 \
\hline \text { Beginning Finished Goods Inventory } & 7,000 \
\hline \text { Ending Finished Goods Inventory } & 6,500 \
\hline \text { Cost of Goods Manufactured } & 10,600 \
\hline \text { Selling and Administrative Expenses } & 5,125 \
\hline
\end{array}$$ Prepare the income statement.

Question

Planet Manufacturing provided the following information for the month ended March 31:
 $$\begin{array} { | l | r | } 
\hline \text { Sales Revenue } & \$ 22,000 \
\hline \text { Beginning Finished Goods Inventory } & 7,000 \
\hline \text { Ending Finished Goods Inventory } & 6,500 \
\hline \text { Cost of Goods Manufactured } & 10,600 \
\hline \text { Selling and Administrative Expenses } & 5,125 \
\hline
\end{array}$$ Prepare the income statement.

Quizplus · Accepted Answer

The Answer of Planet Manufacturing provided the following information for the month ended March 31:
 $$\begin{array} { | l | r | } 
\hline \text { Sales Revenue } & \$ 22,000 \
\hline \text { Beginning Finished Goods Inventory } & 7,000 \
\hline \text { Ending Finished Goods Inventory } & 6,500 \
\hline \text { Cost of Goods Manufactured } & 10,600 \
\hline \text { Selling and Administrative Expenses } & 5,125 \
\hline
\end{array}$$ Prepare the income statement.

Planet Manufacturing Provided the Following Information for the Month Ended