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  • Chapter 6 Practice Exercises

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    Mah El
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    This document contains practice exercises from an accounting textbook chapter on decision making. It includes practice problems on calculating unit costs, variable and fixed costs, and cost of goods sold. It also provides an example income statement for Calloway Company and a cost of goods sold worksheet with calculations for merchandise inventory, purchases, and cost of merchandise sold.

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    This document contains practice exercises from an accounting textbook chapter on decision making. It includes practice problems on calculating unit costs, variable and fixed costs, and cost of goods sold. It also provides an example income statement for Calloway Company and a cost of goods sold worksheet with calculations for merchandise inventory, purchases, and cost of merchandise sold.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    9 views5 pages

    Chapter 6 Practice Exercises

    Uploaded by

    Mah El
    This document contains practice exercises from an accounting textbook chapter on decision making. It includes practice problems on calculating unit costs, variable and fixed costs, and cost of goods sold. It also provides an example income statement for Calloway Company and a cost of goods sold worksheet with calculations for merchandise inventory, purchases, and cost of merchandise sold.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 5

    20SMGB311 – Accounting for Decision Making Chapter 6 Practice Exercises

    PE 6-2B Page 320

    PE 6-4A Page 321

    1
    20SMGB311 – Accounting for Decision Making Chapter 6 Practice Exercises
    PE 6-4B Page 321

    2
    20SMGB311 – Accounting for Decision Making Chapter 6 Practice Exercises

    CALLOWAY COMPANY
    Income Statement
    For the Year Ended January 31, 20Y6

    3
    20SMGB311 – Accounting for Decision Making Chapter 6 Practice Exercises

    A B
    List Price
    Discount
    Price net of discount
    Freight
    Final Price

    4
    20SMGB311 – Accounting for Decision Making Chapter 6 Practice Exercises
    Ex 6-48 Page 332

    Cost of merchandise sold:

    Merchandise inventory, July 1

    Cost of merchandise purchased:

    Purchases

    Purchases returns and allowances

    Purchases discounts

    Net purchases

    Freight in

    Total cost of merchandise purchased

    Merchandise available for sale

    Merchandise inventory, July 31

    Cost of merchandise sold

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