Question

certain item descriptions and amounts are missing from the monthly schedule of cost of goods manufactured and income statement of tioga manufacturing company

now we will fill in the missing information on the income statement. select the heading, then complete the statement.

tioga manufacturing company
income statement
month ended june 30, 2025
net sales revenue
cost of goods sold
beginning

cost of goods
ending
cost of goods sold 221,000
gross profit 252,000
expenses
selling expenses 97,000
administrative expenses
total expenses 158,000
income

income statement
june 30, 2025
net sales revenue $ x
cost of goods sold
beginning $ 110,000

x
cost of goods
x
ending
x
cost of goods sold 221,000
gross profit 252,000
expenses
selling expenses 97,000
administrative expenses x
total 158,000
income $ x

Explanation:

Step1: Find Net Sales Revenue

Gross Profit = Net Sales Revenue - Cost of Goods Sold. So, Net Sales Revenue = Gross Profit + Cost of Goods Sold = \( 252000 + 221000 = 473000 \).

Step2: Find Administrative Expenses

Total Expenses = Selling Expenses + Administrative Expenses. So, Administrative Expenses = Total Expenses - Selling Expenses = \( 158000 - 97000 = 61000 \).

Step3: Find Operating Income

Operating Income = Gross Profit - Total Expenses = \( 252000 - 158000 = 94000 \).

Step4: Analyze Cost of Goods Sold Components (though not all blanks can be filled without more info, but key ones above are solved)

Cost of Goods Sold formula: Beginning Finished Goods + Cost of Goods Manufactured - Ending Finished Goods = Cost of Goods Sold. But we don't have Cost of Goods Manufactured or Ending Finished Goods, but we solved the main missing income statement items.

Answer:

• Net Sales Revenue: $\boldsymbol{473000}$
• Administrative Expenses: $\boldsymbol{61000}$
• Operating Income: $\boldsymbol{94000}$

(For the Cost of Goods Sold components like Cost of Goods Manufactured and Ending Finished Goods, more info is needed, but the solvable parts are as above.)