Below are data for two companies: Requirements 1. Define the three business types: service, merchandising, and manufacturing.

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Below are data for two companies:Company A Company B Beginning balances: $ 10,600 Merchandise Inventory $ 15,000 Finished Goods Inventory Ending balancesRequirements
1. Define the three business types: service, merchandising, and manufacturing.
2. Based on the data given for the two companies, determine the business type of each one.
3. Calculate the cost of goods sold for each company.

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Horngrens Accounting The Managerial Chapters

ISBN: 978-0134486826

12th edition

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura

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