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For Questions 38, 39, and 40. The Trump Manufacturing Company operates on a calendar basis. The following information relates to the year 2020. Identify in
For Questions 38, 39, and 40. The Trump Manufacturing Company operates on a calendar basis. The following information relates to the year 2020. Identify in which schedule and/or financial statement (or both) the individual items would appear.
Raw materials inventory, January 1, 2020.
a. | Cost of Goods Manufacturing Schedule | |
b. | Income Statement for 2020 (assume the Cost of Goods Sold schedule is incorporated into the Income Statement) | |
c. | Balance Sheet at December 31, 2020 | |
d. | Both a. and b. | |
e. | Both a. and c. |
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