Solution-Determine the Smith Company Cost of Goods Sold for

Determine the Smith Company Cost of Goods Sold for the year

Assignment Help Accounting Basics

Reference no: EM133129025

Questions -

Q1. Which of the following is not an income statement account?

1. Salaries expense

2. Retained Earnings

3. Sales Revenue

4. Cost of Goods sold

Q2. Smith Company had the following information during the past year. Beginning inventory of $40,000. Purchases of $400,000 and Ending Inventory $2,000. Determine the Smith Company Cost of Goods Sold for the year?

1. $372,000

2. $388,000

3. $412,000

4. $440,000

Reference no: EM133129025

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Determine the Smith Company Cost of Goods Sold for the year

Reference no: EM133129025

Reference no: EM133129025

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