8 . For the season, the accounting department forwarded to you the following information. Construct a P&L
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Question:
For the season, the accounting department forwarded to you the following information. Construct a P&L Statement from the following figures. Calculate the TOTAL COST OF GOODS SOLD considering Gross Sales with Workroom Costs and the Cash Discount on Purchases. All of the following information may not be needed.
Opening Inventory Cost $
Advertising $
Gross Sales $
Misc. Expenses $
Billed Costs $
Closing Inventory Cost $
Customer Returns $
Selling Salaries $
Freight Charges $
Wrapping & Packing $
Rent $
Alterations & Workroom $
Cash Discount
TOTAL COGS
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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