Below are data for two companies: (Click the icon to view the data.) Read the requirements....
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Below are data for two companies: (Click the icon to view the data.) Read the requirements. Company A is a merchandising company and Company B is a manufacturing company. Requirement 3. Calculate the cost of goods sold for each company. Begin by calculating the cost of goods sold for Company A. Company A Beginning Merchandise Inventory Purchases Cost of Goods Available for Sale Ending Merchandise Inventory Cost of Goods Sold Data table Beginning balances: K Merchandise Inventory Finished Goods Inventory Merchandise Inventory Finished Goods Inventory Net Purchases Cost of Goods Manufactured Print Ending balances: Company A Company B $ 10,800 16,200 14,300 11,300 157,000 214,500 Done $ EA K Below are data for two companies: (Click the icon to view the data.) Read the requirements. Company A is a merchandising company and Company B is a manufacturing company. Requirement 3. Calculate the cost of goods sold for each company. Begin by calculating the cost of goods sold for Company A. Company A Beginning Merchandise Inventory Purchases Cost of Goods Available for Sale Ending Merchandise Inventory Cost of Goods Sold Data table Beginning balances: K Merchandise Inventory Finished Goods Inventory Merchandise Inventory Finished Goods Inventory Net Purchases Cost of Goods Manufactured Print Ending balances: Company A Company B $ 10,800 16,200 14,300 11,300 157,000 214,500 Done $ EA K
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Company A Beginning Inventory 10400 Add Net Purchases 152500 Cost of ... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date:
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