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Question 2: Cost flows,income statement You own a store. Beginning inventory on January 1 was $2,000. Ending inventory on December 31 was $4,500. You purchased $21,000 of new merchandise during the year. Sales revenue for the year was $41,000. Selling, general, and administrative (SG&A) costs for the year were $4,000. a) Compute the cost of goods sold (COGS) for the year. b) Prepare the income statement for the year Revenue COGS ross Margin SG&A costs Profit

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MANAGERIAL ACCOUNTING QUESTIONS

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Opesing 21000 ecnE S$. Sales Revenue en encul 4 Admi cost- $4000 COST of good Sold - opening-Sold $2000 $ 21000 + -Purchase も! bIncome sraueme the yeon Revenue $ 41000 COOMS -tす1000ナー PoHtPlease Give full Star ...Thanks for support.

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