COST OF GOODS SOLD SECTION The following information is supplied for A&B Manufacturing Co. and JC Yoshino

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

JC Yoshino A&B Manufacturing Merchandise inventory, January 1 Finished goods inventory, January 1 Merchandise purchases

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ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

Question Posted: Dec 20, 2011 10:57 AM

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COST OF GOODS SOLD SECTION The following information is supplied for A&B Manufacturing Co. and JC Yoshino

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JC Yoshino A&B Manufacturing Merchandise inventory, January 1 Finished goods inventory, January 1 Merchandise purchases Cost of goods manufactured Merchandise inventory, December 31 Finished goods inventory, December 31 $15,750 $15,750 11,000 11,000 13,000 13,000

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