Shown here are annual financial data for a merchandising company and a manufacturing company. Music World Retail
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Question:
Shown here are annual financial data for a merchandising company and a manufacturing company.
Music World Retail WaveBoard Manufacturing
Beginning inventory
Merchandise $
Finished goods $
Cost of merchandise purchased
Cost of goods manufactured
Ending inventory
Merchandise
Finished goods
Required:
Prepare the cost of goods sold section of the income statement for each company.
Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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