Use the data in Short Exercise 6A-1 to do the following for Flexon Technologies: Requirements 1. Post

Question:

Use the data in Short Exercise 6A-1 to do the following for Flexon Technologies:

Requirements
1. Post to the Inventory and Cost of Goods Sold accounts.
2. Compute cost of goods sold by the cost-of-goods-sold model.
3. Prepare the income statement of Flexon Technologies through gross profit.