Beginning inventory     Merchandise $ 321,000   Finished goods   $ 642,000 Cost of merchandise purchased 420,000   Cost of goods manufactured   940,000 Ending inventory     Merchandise 221,000   Finished goods   215,000 Compute cost of goods sold for each of these two companies.

Parker Corp. included the following items under its inventory account: Raw materials.. .P 1,400,000 200,000 650,000 60,000 150,000 2,000,000 Advances for materials ordered. Work in process.. Unexpired inventory insurance.. Advertising catalogs and packaging cartons. Finished goods inventory in the warehouse... Finished goods in the company owned retail store, stated at 50% mark-up on its cost... Finished goods in the hands of consignees including 40% profit on sales.... Finished goods in transit to customers, Shipped at FOB-Destination 750,000 400,000 stated at cost... 250,000 100,000 50,000 40,000 Finished goods out on customers' approval, at cost. Unsalable finished goods, at cost. Office stationeries and supplies. Materials in transit, shipped FOB-Shipping point, excluding P 30,000 freight cost... Goods held on consignment, at sales price, cost, P 150,000.. What is the correct amount of inventory? A. P5,375,000 330,000 200,000 В. Р 5,500,000 C. P5,540,000 D. P5,250,000

The following is the year ended data for Tiger​ Company:   Sales Revenue $58,000 Cost of Goods Manufactured 21,000 Beginning Finished Goods Inventory 1,100 Ending Finished Goods Inventory 2,200 Selling Expenses 15,000 Administrative Expenses 3,900   What is the gross​ profit?   A. $22,100   B. $38,100   C. $19,200   D.

Royall Sales Company uses the retail inventory method to value its merchandise inventory. The following information is available for the current year:      Cost   Retail Beginning inventory $30,000 $45,000 Purchases 190,000 260,000 Freight-in 2,500 — Net markups — 8,500 Net markdowns — 10,000 Employee discounts — 1,000 Sales revenue — 205,000   The ending inventory under Conventional Retail Inventory Method is =  The ending inventory under Cost Method of Retail Inventory Method is =