Question: Use the data in exercise S5-12 to do the following for Capital Technologies Inc.: 1. Post to the Inventory and Cost of Goods Sold accounts.

Use the data in exercise S5-12 to do the following for Capital Technologies Inc.:

1. Post to the Inventory and Cost of Goods Sold accounts.

2. Compute cost of goods sold using the example given in Exhibit 5-4, Panel B.

3. Prepare the December 2017 income statement of Capital Technologies Inc. through gross profit?

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