Matthew_McCoy_Problem 18-7A

Matthew_McCoy_Problem 18-7A - MatthewMcCoy Problem187A...

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Matthew McCoy Problem 18-7A           ACTIVE SPORTS RETAIL                                                         Income Statement (Cost of Goods Sold Section O                                                                           For Year Ended December 31, 2009 Cost of goods sold    Merchandise inventory, Dec. 31, 2008 145,000    Cost of purchases 240,000    Goods available for sale 385,000    Merchandise inventory, Dec. 31, 2009 (110,000)    Cost of goods sold 275,000                                                                              SNO-BOARD MANUFACTURING                                                         Income Statement (Cost of Goods Sold Section O
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