You have been provided the following information: Retail Business Cash Accounts receivable Merchandise inventory (BI) Freight-in...
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You have been provided the following information: Retail Business Cash Accounts receivable Merchandise inventory (BI) Freight-in Merchandise purchases Merchandise inventory (El) Selling expenses $ 10,000 $ 50,000 $ 12,000 $ 1.000 $200,000 $ 20,000 $ 50,000 Manufacturing Business Cash Accounts receivable Cost of goods manufactured Finished goods (beginning) Finished goods (ending) Selling expenses $ 20,000 $ 60,000 $150,000 $ 25,000 $ 15,000 $ 60,000 Based on the above information, compute cost of goods sold for both types of businesses. Some of the above information is not required. You have been provided the following information: Retail Business Cash Accounts receivable Merchandise inventory (BI) Freight-in Merchandise purchases Merchandise inventory (El) Selling expenses $ 10,000 $ 50,000 $ 12,000 $ 1.000 $200,000 $ 20,000 $ 50,000 Manufacturing Business Cash Accounts receivable Cost of goods manufactured Finished goods (beginning) Finished goods (ending) Selling expenses $ 20,000 $ 60,000 $150,000 $ 25,000 $ 15,000 $ 60,000 Based on the above information, compute cost of goods sold for both types of businesses. Some of the above information is not required.
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Related Book For
Financial accounting
ISBN: 978-0136108863
8th Edition
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
Posted Date:
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