Glen Company provided the following for the current year:          Warehouse   Inventory on Consignment    Beg Inventory                  1,100,000.00                                  120,000.00   Purchases                  4,800,000.00                                  600,000.00   Freight In                     100,000.00     Transportation to consignees                                       50,000.00   Freight out                     300,000.00                                     80,000.00   Ending Inventory                  1,450,000.00                                  200,000.00                What is the cost of goods sold for the current year?

The inventory records of TC show the following purchases:Month        Units        CostJanuary    15,000    190,500February    20,000    240,000March        12,500    165,00A physical count on March 31 shows 22,500 units on hand. What amount of inventory should be reported as of March 31, using FIFO method of costing?a. 120,000        b. 225,000        c. 280,500        d. 285,000

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?

pate Selected information from the accounting records of Gavina Company is as follows: P 2,000,000 Net sales for 2021 500,000 Cost of goods sold for 2021 Inventory on December 31, 2020 600,000 Inventory on December 31, 2021 200,000 Gavina's inventcxy for 2021 is: Inventory turnover = Cost of goods sold Average inventory a. 1.25 times b. 3.66 times O c. 4.0 times d. 10.00 times