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Unformatted text preview: 11,000___ Cost of Goods Manufactured $ 1,177,000 Carson Companies Income Statement For the Year Ended December 31, 2011 Sales $ 2,312,000 Cost of Goods Sold Beginning Finished Goods Inventory $ 66,000 Cost of Goods Manufactured 1,177,000 Cost of Goods Available for Sale 1,243,000 Less: Ending Finished Goods Inventory 42,000__ 1,201,000 Gross Margin 1,111,000 Selling and Administrative expenses 336,000_ Operating Income $ 775,000...
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- Spring '12