Wonder Good Food pat in the intercom Wodor Good and they dhe Roquimento the contend Chu X Data table 000 00 the explanation on the last line of the journal entry. For situations Data table Wonder Good Foods Income Statement (Partial) Year Ended January 31, 2025 Net Sales Revenue $ 121,000 46,000 Cost of Goods Sold $ 75,000 Gross Profit Done Print Wonder Good Foods reports merchandise inventory at the lower of-cost-or-market. Prior to releasing its financial statements for the year onded January 31, 2025, Wonder Good's preliminary income statement, before the year-end adjustments, appears as follows: Click the loon to view the preliminary income statomont.) Wonder Good has determined that the current replacement cost of ending merchandise inventory is $16,600. Cost is $17,000