Given the following information, what is the cost of goods sold? Purchases Inventory, September 1 Administrative expense Rent revenue Selling expense Inventory, September 30 Sales Interest expense a. $29,893 b. $33,205 Oc. $16,982 Od. $1,128 $30,807 5,504 961 1,071 $971 3,106 51,148 1,128

Review the​ following: Data Table Cost of Goods Sold $101 Gross Sales 181 Sales Returns and Allowances 16 Sales Discounts 21 Operating Expenses 47   From the information​ provided, calculate: a. Gross profit b. Net income or net loss   Calculate​ (a) Gross profit.     -   = Gross profit   -   =     Calculate​ (b) Net income or net loss. ​(Use parentheses or a minus sign to show a net​ loss.)     -   = Net income or net loss   -   =

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Using the information below, calculate Gross Profit: Sales Revenue $5,000 Sales Discounts $664 Sales Returns and Allowances $357 Cost of Goods Sold $1,306 Inventory $1,451

Income Statement Sales Revenue Cost of Goods Sold* Gross Profit Operating Expenses Income from Operations Income Tax Expense Net Income *Cost of Goods Sold Equation Beginning Inventory Purchases Goods Available for Sale Ending Inventory Cost of Goods Sold Units 3,000 3,000 $ $ 3,000 $ FIFO Inventory Costing Method LIFO 3,000 3,000 3,000 3,000 0 0 0 0 0 0 0 Weighted Average $ $ 0 0 0 0 0

Below are some of the account balances of FDN Company. Purchases P 1,269,500 Purchase returns and allowances 59,725 Freight in 33,800 Freight out 28,950 Beginning inventory 289,150 Cost of goods sold 1,232,825 How much is the total cost of goods available for sale?

Presented below is information related to Kingbird Company. Cost Beginning inventory $ 53,940 Purchases (net) Net markups Net markdowns Sales revenue (a) 129,370 Ending inventory Retail $107,000 $ 189,700 Compute the ending inventory at retail. 10,527 27,056 202,490

Given the following:    Numberpurchased Costper unit Total January 1 inventory   32     $ 4     $ 128   April 1   52       6       312   June 1   42       7       294   November 1   47       8       376       173             $ 1,110      a. Calculate the cost of ending inventory using the FIFO (ending inventory shows 53 units).     b. Calculate the cost of goods sold using the FIFO (ending inventory shows 53 units).

4. Assume that VFA Co. uses periodic inventory system and has the following balances: Inventory, Jan. 1 Purchases Purchases returns and allowances Purchase discounts Freight in How much is the cost of goods available for sale? A. P1,131,000 B. P1,139,000 750,000 400,000 11,000 2% of purchases 16,000 C. P1,147,000 D. P1,200,000