Citrine Manufacturing Provided the Following Information for the Month Ended

question 40

Essay

Citrine 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.

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Definitions:

Inventory of Skills

An assessment or list identifying an individual’s abilities, competencies, and qualifications, often used for career planning and development.

Major Change

Significant alteration or transformation in an organization, system, or personal life direction.

Major Decision

A significant choice or judgement that has a long-lasting effect on an individual's life or an organization's direction.

Academic Departments

Organizational units within a college or university, each focusing on a specific discipline or field of study, responsible for coordinating the curriculum, faculty, and students within that area.