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Question: 13 Sinh Corporation has the following information on operating activities for 2014. The Corporation sold light box toys and sold 10,000 units in 2014: Purchases $126,000 Selling and administrative expenses 90,000 Merchandise inventory 01/01/14 14,000 Merchandise inventory 12/31/14 Sales revenue 10,000 250,000 What is the amount of cost of goods sold?

Question: 13 Sinh Corporation has the following information on operating activities for 2014. The Corporation sold light box toys and sold 10,000 units in 2014: Purchases $126,000 Selling and administrative expenses 90,000 Merchandise inventory 01/01/14 14,000 Merchandise inventory 12/31/14 Sales revenue 10,000 250,000 What is the amount of cost of goods sold?

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...
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Question: 13 Sinh Corporation has the following information on operating activities for 2014. The Corporation sold light box toys and sold 10,000 units in 2014: Purchases $126,000 Selling and administrative expenses 90,000 Merchandise inventory 01/01/14 14,000 Merchandise inventory 12/31/14 Sales revenue 10,000 250,000 What is the amount of cost of goods sold?
Transcribed Image Text:Question: 13 Sinh Corporation has the following information on operating activities for 2014. The Corporation sold light box toys and sold 10,000 units in 2014: Purchases $126,000 Selling and administrative expenses 90,000 Merchandise inventory 01/01/14 14,000 Merchandise inventory 12/31/14 Sales revenue 10,000 250,000 What is the amount of cost of goods sold?
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