Coastal Produce Market counts inventory daily. Morning count: tomatoes 120kg, received 180kg, sold 245kg. Evening count shows 48kg. The missing produce is?

Refer to the following selected financial information from Phantom Corp. Compute the company's days' sales in inventory for Year 2. (Use 365 days a year.) Year 2 Year 1 Merchandise inventory 287,000 269,500 470,400 417,100 Cost of goods sold Multiple Choice 222.7. 251.2. 中

Norris Co. purchase and sales data is as follows:         Units   Cost per Unit Aug. 1 Inventory   50   $25   7 Sale   38       18 Purchase   25   $30   24 Sale   ?       29 Purchase   60   $32 The August 24th sale is provided as a slider to vary the quantity sold as follows:   1. If 10 units are sold on August 24th, what is the total Cost of Merchandise Sold for the month under LIFO?   $ _________ 2. If 30 units are sold on August 24th, what is the Merchandise Inventory balance on August 31 under FIFO?   $ ___________ 3. Under either FIFO or LIFO, as the number of units sold increases, the number of units in the Merchandise Inventory ending balance ________(DECREASE/INCREASE/REMAIS UNCHANGED/VARIES RANDOMLY)  . 4. If 30 units are sold on August 24th under LIFO, what is the total cost of this sale?   $ _________ 5. If 20 units are sold on August 24th under FIFO, what is the total cost of this sale?   $ ____________ 6. The…

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Use the following information:           Net sales $ 245,000   Cost of goods sold   176,000   Beginning inventory   54,000   Ending inventory   44,000       a. Calculate the inventory turnover ratio. (Round your answer to 1 decimal place.)   b. Calculate the average days in inventory. (Assume 365 days in a year. Round your intermediate calculations and final answer to 1 decimal place.)   c. Calculate the gross profit ratio. (Round your answer to 2 decimal place.)

Suppose Perfect Picture Photography Supply's Inventory account showed a balance of $44,700. A physical count showed $43,300 of goods on hand. To adjust the inventory account, Perfect Picture Photography Supply would make which of the following entries? ○ A. Cost of goods sold 1,400 Inventory 1,400 OB. Inventory 1,400 Accounts payable 1,400 ○ C. Accounts payable 1,400 Inventory 1,400 O D. Inventory 1,400 Cost of goods sold 1,400

Cost of goods sold___?

Applying the Cost of Goods Sold Model Milton Company reported beginning inventory of $74,000 on January 1. During the year, it purchased inventory of $625,000 and sold inventory for $950,000. A count of inventory at the end of the year determined that the cost of inventory on hand was $48,100. Required: 1. What was Milton's cost of goods sold? 2. What is Milton's gross margin?

Calculate Inventory Carrying Cost (ICC) using the information below. annual demand ordering cost per order inventory carrying cost percentage leadtime unit value #days in the period. EOQ 1000 $75 20% 3 days $30 360 158

Arrow Distributing Corp. likes to track inventory by using weeks of supply as well as by inventory turnover. Arrow Distributing Corp. Net Revenue Cost of sales Inventory Total assets a) What is its weeks of supply? weeks (round your response to two decimal places). b) What is Arrow's inventory turnover? times per year (round your response to two decimal places). $16,830 $14,240 $920 $9,270 c) Suppose a manufacturer has an inventory turnover of 13.5 times per year. Arrow's supply chain performance relative to the manufacturer's, as measured by inventory turnover, is