ior Year and Current Year commonsize percents for cost of goods sold using net sales as the base (Enter the answers in thousands of dollar

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter10: Inventory
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Problem 7PA: Use the weighted-average (AVG) cost allocation method, with perpetual inventory updating, to...
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Determine the Prior Year and Current Year commonsize percents for cost of goods sold using net sales as the base (Enter the answers in thousands of dollars.)

Determine the Prior Year and Current Year common-size percents for cost of goods sold using net sales as the base. (Enter the
answers in thousands of dollars.)
(s thousands)
Current
Prior
Year
Net sales
Cost of goods sold
Year
$803,470 $455,095
135,878
394,775
Common-Size Percent for Cost of Goods Sold using Net Sales as the base:
Choose Numerator:
Choose Denominator:
Common-Size Percents
Current Year.
Prior Year:
%3D
%3D
Transcribed Image Text:Determine the Prior Year and Current Year common-size percents for cost of goods sold using net sales as the base. (Enter the answers in thousands of dollars.) (s thousands) Current Prior Year Net sales Cost of goods sold Year $803,470 $455,095 135,878 394,775 Common-Size Percent for Cost of Goods Sold using Net Sales as the base: Choose Numerator: Choose Denominator: Common-Size Percents Current Year. Prior Year: %3D %3D
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