COST OF GOODS SOLD SECTION The following information is supplied for R&D Manufacturing Co. and WP West

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COST OF GOODS SOLD SECTION The following information is supplied for R&D Manufacturing Co. and WP West Co. (a merchandising company). Prepare the cost of goods sold sections for the income statements of both companies for the year ended20--.

R&D Manufacturing WP West Merchandise inventory, January 1 Finished goods inventory, January 1 Merchandise purchases Cos

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College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

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Question Posted: Dec 20, 2011 10:57 AM

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COST OF GOODS SOLD SECTION The following information is supplied for R&D Manufacturing Co. and WP West

Question:

R&D Manufacturing WP West Merchandise inventory, January 1 Finished goods inventory, January 1 Merchandise purchases Cost of goods manufactured Merchandise inventory, December 31 Finished goods inventory, December 31 $57,000 $57,000 36,000 36,000 44,000 44,000

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