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Homework answers / question archive / The following information is available for Manar Company at the end of 2019: Beginning goods inventory $15,000 Ending goods inventory 29,000 Purchased of goods 98,000 Fright in 500 Fright out 852 Purchase R&A 3,500 Purchase discount 1,000 Sales revenues 159,000 Sales R&A 7,000 Sales discount 2,000 Operating expenses 75,000 Compute each of the following: 1

The following information is available for Manar Company at the end of 2019: Beginning goods inventory $15,000 Ending goods inventory 29,000 Purchased of goods 98,000 Fright in 500 Fright out 852 Purchase R&A 3,500 Purchase discount 1,000 Sales revenues 159,000 Sales R&A 7,000 Sales discount 2,000 Operating expenses 75,000 Compute each of the following: 1

Accounting

The following information is available for Manar Company at the end of 2019: Beginning goods inventory $15,000 Ending goods inventory 29,000 Purchased of goods 98,000 Fright in 500 Fright out 852 Purchase R&A 3,500 Purchase discount 1,000 Sales revenues 159,000 Sales R&A 7,000 Sales discount 2,000 Operating expenses 75,000 Compute each of the following: 1. Cost of goods sold (COGS). 2. Net Sales. 3. Gross income (loss) 4. Net income (loss)

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