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Income statement (with cost of goods sold adjustment) (Prepare a income statement for year ended December 31) Rambler company had the following activity for the
Income statement (with cost of goods sold adjustment)
(Prepare a income statement for year ended December 31)
Rambler company had the following activity for the year ended December 31:
Sales revenue- $2,050,000
Selling expenses- $575,000
General and Administrative expenses- $330,000
Cost of goods sold (before adjustment) $700,000
Upper-applied overhead- $ 23,000
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