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see the attachment Shown here are annual financial data at December 31, 2009, taken from two different companies. Active Sports Retail Beginning inventory Merchandise Finished
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Shown here are annual financial data at December 31, 2009, taken from two different companies. Active Sports Retail Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods Sno-Board Manufacturing $ 175,000 $ 350,000 280,000 574,000 150,000 190,000 Required: Compute the cost of goods sold section of the income statement at December 31, 2009, for each company. (Input all amounts as positive values. Omit the "$" sign in your response.) ACTIVE SPORTS RETAIL Partial Income Statement For Year Ended December 31, 2009 Cost of goods sold $ Cost of goods sold $ SNO-BOARD MFG Partial Income Statement For Year Ended December 31, 2009 Cost of goods sold $ Cost of goods sold $Step by Step Solution
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