Haab Inc. is a merchandising company. Last month the company's cost of goods sold was $70,400. The company's beginning merchandise inventory was $14,700 and its ending merchandise inventory was $25,000. What was the total amount of the company's merchandise purchases for the month?

Haack Inc. is a merchandising company. Last month the company's cost of goods sold was $61,500. The company's beginning merchandise inventory was $16,200 and its ending merchandise inventory was $21,300. What was the total amount of the company's merchandise purchases for the month?     $56,400     $61,500     $99,000     $66,600

Haaker Inc. is a merchandising company. last month the company's cost of goods sold was $87,000. The company's beginning merchandise inventory was $21,000 and its ending merchandise inventory was $19,000. What was the total amount of the company's merchandise purchases for the month? $84,000 $126,000 $85,000 $87,000 Show work and calculation

Klum's Fashions sold merchandise for $45,000 cash during the month of July. Returns that month totaled $1,000. If the company's gross profit rate is 40%, Compute the following: a) Net sales revenue b) Cost of goods sold

Blake distributors had a beginning inventory for June of 100,000. They purchased 25,000 in goods during the month.  Their income from sales was 200,000 with 10,000 in returns. Their ending inventory was 30,000. Their operating expenses were 50,000.  What was the amount of goods available for sale during June? What was the cost of goods sold? What was the net sales? What was the gross profit? Was there an excess or a deficit? What was the net profit or net loss?

Mario's Home Systems has sales of $2,830, costs of goods sold of $2,170, inventory of $506, and accounts receivable of $431. How many days, on average, does it take Mario's to sell its inventory?

At the end of January, Mineral Labs had an inventory of 905 units, which cost $13 per unit to produce. During February the company produced 1,550 units at a cost of $17 per unit.   a. If the firm sold 2,150 units in February, what was the cost of goods sold? (Assume LIFO inventory accounting.)   b. If the firm sold 2,150 units in February, what was the cost of goods sold? (Assume FIFO inventory accounting.)

At the end of January, Mineral Labs had an inventory of 855 units, which cost $8 per unit to produce. During February the company produced 1,300 units at a cost of $12 per unit. a. If the firm sold 1,650 units in February, what was the cost of goods sold? (Assume LIFO inventory accounting.) Cost of goods sold b. If the firm sold 1,650 units in February, what was the cost of goods sold? (Assume FIFO inventory accounting.) Cost of goods sold

Stone Beauty, Inc. is a merchandiser of stone omaments. The company sold 7,000 units during the year. The company has provided the following information: Sales Revenue Purchases (excluding freight in) $591,000 302,000 Selling and Administrative Expenses 69,000 Freight In 14,000 Beginning Merchandise Inventory 46,000 Ending Merchandise Inventory 43,000 What is the cost of goods available for sale for the year?

In April, Holderness Incorporated, a merchandising company, had sales of $286,000, selling expenses of $20,500, and administrative expenses of $31,500. The cost of merchandise purchased during the month was $168,000. The beginning balance in the merchandise inventory account was $40,500 and the ending balance was $54,500 Required: Prepare a traditional format income statement for April. Holderness Incorporated For the month of April Traditional Format Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses Selling expense Administrative expense $ 20,500 31,500 5 286.000 154.000 132.000 52.000 $ 80,000 4