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2-30 Cost of goods purchased, cost of goods sold, and income statement. The following data...

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Accounting

2-30 Cost of goods purchased, cost of goods sold, and income statement. The following data are for
Montgomery Retail Outlet Stores. The account balances (in thousands) are for 2011.
Marketing and advertising costs
Merchandise inventory, January 1,2011
Shipping of merchandise to customers
Compute (a) the cost of goods purchased and (b) the cost of goods sold.
Prepare the income statement for 2011.
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