E 3. Indicate whether each of these equations applies to a service organization (SER), a retail organization

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E 3. Indicate whether each of these equations applies to a service organization

(SER), a retail organization (RET), or a manufacturing organization (MANF):

1. Cost of Goods Sold  Beginning Merchandise Inventory 

Net Cost of Purchases  Ending Merchandise Inventory 2. Cost of Sales  Net Cost of Services Sold 3. Cost of Goods Sold  Beginning Finished Goods Inventory  Cost of Goods Manufactured  Ending Finished Goods Inventory Statement of Cost of Goods Manufactured

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Managerial Accounting

ISBN: 9780538742801

9th Edition

Authors: Susan V Crosson, Belverd E Needles

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