Use the following selected information from Farris, LLC to determine the Year 2 and Year 1 trend
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Question:
Use the following selected information from Farris, LLC to determine the Year 2 and Year 1 trend percents for cost of goods sold using Year 1 as the base.
35.6% for Year 2 and 39.2% for Year 1.
68.0% for Year 2 and 64.6% for Year 1.
122.3% for Year 2 and 100.0% for Year 1.
114.2% for Year 2 and 100.0% for Year 1.
52.6% for Year 2 and 56.3% for Year 1.
Related Book For
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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