Question

Part 1: Complete the partial income statement for Pinnacle, a merchandising business.
Part 2: Complete the partial income statement for Slope, a manufacturing business.
Part 3: Explain the difference between calculating cost of goods sold for a merchandising and a manufacturing business.

a
Instructions:
Indicate what inventory accounts are used for each and on what financial statement and in which section these inventory accounts would beincluded.


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  • CreatedJuly 26, 2013
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