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Unformatted text preview: $ X X INCOME STATEMENT Sales Less: Cost of goods sold $ XX Beginning balance, Finished goods $ XX Add: Cost of goods manufactured XX Cost of goods available for sale XX Less: Ending balance, Finished goods XX XX Gross Profit XX Less: Nonmanufacturing expenses Selling expenses XX General and administrative expenses XX XX Net Income (Loss) $ XX...
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This note was uploaded on 04/09/2008 for the course ACG 2071 taught by Professor Sumbiznatch during the Summer '06 term at University of Florida.
- Summer '06