Income Statement Terminology: Manufacturing Versus Merchandising. Match each of the following terms used in a manufacturing company’s income statement with the equivalent term used in a merchandising company’s income statement.
1 _____ Cost of goods manufactured
Save your time - order a paper!
Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlinesOrder Paper Now
2 _____ Work-in-process inventory
3 _____ Finished goods inventory
4 _____ Cost of goods sold
5. Merchandise inventory
6. Same term is used by a merchandising company
7. Net purchases
8. Not applicable for a merchandising company.