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Assignment help 5470

47. Riley Manufacturing Company has accumulated the following data for the fiscal year ending

      June 30, 2018:

                       Administrative Expenses                        $ 82,256

                       Cost of Goods Manufactured                   641,191

                       Finished Goods, July, 1, 2017                   98,730

                       Finished Goods, June 30, 2018                 94,520

                       Overapplied or Underapplied Overhead      3,531 Cr. Balance

                       Provision for Income Taxes                       44,500

                       Sales                                                         960,540

                       Sales Returns and Allowances                   43,780

                       Selling Expenses                                        65,496

     Required:

     Prepare an income statement for the year ending June 30, 2018.

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