This information is available for Novak Corp. for 2018, 2019, and 2020. 2018 2019 2020 Beginning inventory $107,500 $ 317,000 $ 415,500 Ending inventory 317,000 415,500 484,000 Cost of goods sold 903,000 1,129,500 1,310,000 Sales revenue 1,204,000 1,605,500 1,902,000
This information is available for Novak Corp. for 2018, 2019, and 2020. 2018 2019 2020 Beginning inventory $107,500 $ 317,000 $ 415,500 Ending inventory 317,000 415,500 484,000 Cost of goods sold 903,000 1,129,500 1,310,000 Sales revenue 1,204,000 1,605,500 1,902,000
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
Chapter8: Inventories: Special Valuation Issues
Section: Chapter Questions
Problem 4MC
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![This information is available for Novak Corp. for 2018, 2019, and 2020.
2018
2019
2020
Beginning inventory $107,500
$ 317,000 $ 415,500
Ending inventory
317,000
415,500
484,000
Cost of goods sold
903,000
1,129,500
1,310,000
Sales revenue
1,204,000
1,605,500
1,902,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9dac2fc8-a1a3-40e9-b44e-932eaa202eb5%2Fa9d19c5d-43d2-47d7-8086-727653235ada%2Ft4xawjm.jpeg&w=3840&q=75)
Transcribed Image Text:This information is available for Novak Corp. for 2018, 2019, and 2020.
2018
2019
2020
Beginning inventory $107,500
$ 317,000 $ 415,500
Ending inventory
317,000
415,500
484,000
Cost of goods sold
903,000
1,129,500
1,310,000
Sales revenue
1,204,000
1,605,500
1,902,000
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