Score of so complete P6-30A (similar to Question Help Soma Berchandisinis December 2011 and the contacto cost of the ending mechande 2.000 below the cost of the goods wich 11000 of the post of Good Shebatance of $470.000 en weconditionat may betty s Cost of lit do Requirements 1. Journalize any required entries. 2. At what amount should the company report merchandise inventory on the balance sheet? 3. At what amount should the company report cost of goods sold on the income statement? 4. Which accounting principle or concept is most relevant to this situation? Print Done Score of so complete P6-30A (similar to Question Help Soma Berchandisinis December 2011 and the contacto cost of the ending mechande 2.000 below the cost of the goods wich 11000 of the post of Good Shebatance of $470.000 en weconditionat may betty s Cost of lit do Requirements 1. Journalize any required entries. 2. At what amount should the company report merchandise inventory on the balance sheet? 3. At what amount should the company report cost of goods sold on the income statement? 4. Which accounting principle or concept is most relevant to this situation? Print Done