The following information is supplied for R&D Manufacturing Co. and WP West Co. (a merchandising company). Prepare
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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 ended 20--.
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R&D Manufacturing WP West Mcrchandise inventory, January 1 Finished goods inventory, January 1 Merchandise purchases Cost of goods manufactured Merchandise inventory, I Finished goods inventory, Deccmber 31 $57,000 36,000 44,000 $57,000 36,000 44,000 ccember 31
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