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Question - A Income statement data for Beach Company follow:
Current
Prior
Net sales
$2,610,000
$1,936,000
Cost of goods sold
1,829,000
1,256,000
Selling expenses
396,800
350,000
Administrative expenses
234,800
198,400
Federal income taxes
57,600
54,000
Calculate the dollar amount and percent of change for cost of goods sold only (Horizontal Analysis).
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