Chapter 12, Problem 12.12P

I am trying to find the accurate solution to this general accounting problem with the correct explanation.

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Horizon Tools has a beginning finished goods inventory of $21,400, raw material purchases of $30,500, cost of goods manufactured of $39,200, and an ending finished goods inventory of $24,600. The cost of goods sold for this company is?

I need help with accounting

Damell Transport purchased a small delivery vehicle on January 1 at a cost of $26,500. The truck has an estimated useful life of 5 years and an estimated salvage value of $6,500. Prepare a depreciation schedule showing the depreciation expense, accumulated depreciation, and book value for each year using the straight- line depreciation method.

Please explain the accurate process for solving this financial accounting question with proper principles.

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I need assistance with this financial accounting question using appropriate principles.

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