The data that follow are for a retail organization and a manufacturing organization. 1. Fill in the
Question:
1. Fill in the missing data for the retail organization:
2. Fill in the missing data for the manufacturingorganization:
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First Quarter S(a) Second Quarter $3 Third Quarter $(h) Fourth Quarter Ending finished goods inventory Cost of goods sold Operating income Cost of goods available for sale Cost of goods manufactured Gross margin Operating expenses Beginning finished goods inventory b) Sales 10 13 14 10
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1 First Quarter a Gross Margin Sales Cost of Goods Sold 10 5 5 c Operating Gross Margin Operating Income Expenses 5 3 2 d Cost of Goods Cost of Ending ...View the full answer
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Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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