The data that follow are for a retail organization and a manufacturing organization. 1. Fill in the

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The data that follow are for a retail organization and a manufacturing organization.
1. Fill in the missing data for the retail organization:

2. Fill in the missing data for the manufacturingorganization:

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Principles of Accounting

ISBN: 978-1133626985

12th edition

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

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Question Posted: Mar 26, 2014 09:20 AM

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The data that follow are for a retail organization and a manufacturing organization. 1. Fill in the

Question:

First Quarter S(a) Second Quarter $3 Third Quarter $(h) Fourth Quarter Ending finished goods inventory Cost of goods sold Operating income Cost of goods available for sale Cost of goods manufactured Gross margin Operating expenses Beginning finished goods inventory b) Sales 10 13 14 10

Step by Step Answer:

1 First Quarter a Gross Margin Sales Cost of Goods Sold 10 5 5 c Operating Gross Margin Operating Income Expenses 5 3 2 d Cost of Goods Cost of Ending ...View the full answer

Principles of Accounting

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