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Requirements 1. Compute (a) the cost of goods purchased and (b) the cost of goods sold. 2. Prepare the income statement for 2020 . Monica
Requirements 1. Compute (a) the cost of goods purchased and (b) the cost of goods sold. 2. Prepare the income statement for 2020 . Monica Retail Outlet Stores Schedule of Cost of Goods Purchased For the Year Ended December 31, 2020 (in thousands) Add: Deduct: Cost of goods purchased
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