Using the following data taken from Martinez Inc., prepare the cost of merchandise sold section of the income statement for the year ended May 31, 2012.
Definitions:
Statistical Inference
The method of applying data analysis techniques to infer characteristics of a fundamental probability distribution.
Census
A complete enumeration of a population or a group at a point in time with respect to various characteristics.
Categorical Data
Data that can be divided into groups or categories that do not necessarily have a logical order.
Numeric
Pertaining to numbers; involving or constituting numbers.
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