Calculate the dollar amount and percent of change


Problem: An Income statement data for Beach Company follow:

 

Current

Prior

Net sales

$2,610,000

$1,936,000

Cost of goods sold

1,829,000

1,256,000

Selling expenses

396,800

350,000

Administrative expenses

234,800

198,400

Federal income taxes

57,600

54,000

Calculate the dollar amount and percent of change for cost of goods sold only (Horizontal Analysis)

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Accounting Basics: Calculate the dollar amount and percent of change
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