the following amounts appeared on the mullen company s adjusted trial balance in alp 4375353

The following amounts appeared on the Mullen Company’s adjusted trial balance in alphabetical order as of November 30, 2014, the end of its fiscal year: A physical count shows that the cost of the ending inventory is $6,100. Required 1. Calculate the company’s net sales for the year. 2. Calculate the company’s cost of goods purchased for the year. 3. Calculate the company’s cost of goods sold for the year. 4. Present a multiple-step income statement (like Exhibit 5.16) that lists the company’s net sales, cost of goods sold, and gross profit, as well as the components and amounts of selling expenses and general and administrative expenses. 5. Present a single-step income statement (like Exhibit 5.17) that lists these expenses: cost of goods sold, selling expenses, general and administrative expenses, and interest expense. View Solution:
The following amounts appeared on the Mullen Company s adjusted trial

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