Riverbed Corp Income Statement For the Year Ended November 30, 2022 Sales revenue Cost of goods sold Beginning inventory Goods available for sale Ending inventory Total cost of goods sold Operating expenses Selling expenses Administrative expenses Additional Information: $1,898,800 4,453,200 6.352.000 1.575,300 452 400 704,900 $7,633,800 4776.700 2.857-100 1157/300 51.699.800 Accounts receivable decreased $377.800 during the year and inventory decreased $323 500 Prepaid expenses increased $148.100 during the year Accounts payable to suppliers of merchandise decreased $343 400 during the year. Accrued expenses payable decreased 599 200 during the year. Administrative expenses include depreciation expense of $211500

Riverbed Corp Income Statement For the Year Ended November 30, 2022 Sales revenue Cost of goods sold Beginning inventory Goods available for sale Ending inventory Total cost of goods sold Operating expenses Selling expenses Administrative expenses Additional Information: $1,898,800 4,453,200 6.352.000 1.575,300 452 400 704,900 $7,633,800 4776.700 2.857-100 1157/300 51.699.800 Accounts receivable decreased $377.800 during the year and inventory decreased $323 500 Prepaid expenses increased $148.100 during the year Accounts payable to suppliers of merchandise decreased $343 400 during the year. Accrued expenses payable decreased 599 200 during the year. Administrative expenses include depreciation expense of $211500

Name: Please do not give solution in image format thanku The income statemen
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Description: Please do not give solution in image format thanku The income statement of Riverbed Corp is presented here.Riverbed CorpIncome StatementFor the Year Ended November 30, 2022Sales revenueCost of goods soldBeginning inventoryPurchasesGoods available for

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 4PB: Calculate the cost of goods sold dollar value for B74 Company for the sale on November 20,...

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Use the weighted-average (AVG) cost allocation method, with perpetual inventory updating, to calculate (a) sales revenue, (b) cost of goods sold, and c) gross margin for A75 Company, considering the following transactions.
Use the first-in, first-out method (FIFO) cost allocation method, with perpetual inventory updating, to calculate (a) sales revenue, (b) cost of goods sold, and c) gross margin for B75 Company, considering the following transactions.
Use the last-in, first-out method (LIFO) cost allocation method, with perpetual inventory updating, to calculate (a) sales revenue, (b) cost of goods sold, and c) gross margin for B75 Company, considering the following transactions.
Compare the calculations for gross margin for B76 Company, based on the results of the perpetual inventory calculations using FIFO, LIFO, and AVG.
Use the first-in, first-out (FIFO) cost allocation method, with perpetual inventory updating, to calculate (a) sales revenue, (b) cost of goods sold, and c) gross margin for A75 Company, considering the following transactions.
Calculate the cost of goods sold dollar value for A74 Company for the sale on March 11, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for (a) first-in, first-out (FIFO); (b) last-in, first-out (LIFO); and (c) weighted average (AVG).
Calculate the cost of goods sold dollar value for B74 Company for the sale on November 20, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for (a) first-in, first-out (FIFO); (b) last-in, first-out (LIFO); and (c) weighted average (AVG).
Sales Revenue Cost of Goods Sold Beginning Inventory Purchases Goods Available for Sale Ending Inventory (FIFO cost) Cost of Goods Sold Gross Profit Operating Expenses Income from Operations Income Tax Expense (30%) Net Income $ 22,500 121,000 $215,000 143,500 25,525 117,975 97,025 46,000 51,025 15,308 $ 35,718 Assume that you have been asked to restate the financial statements to incorporate the LC&NRV. You have developed the following data relating to the ending inventory: 1,650 Current Replacement Cost per Unit (Net Realizable Value) $4.25 Purchase Cost Item Quantity Per Unit Total $2.00 $ 3,300 900 3,640 4.50 4,050 2.50 2.50 9,100 2.00 1,650 5.50 9,075 4.50 $25,525 ABCD
Sales revenue Cost of goods sold Beginning inventory Purchases Goods available for sale Ending inventory Total cost of goods sold Gross profit Operating expenses Selling expenses Administrative expenses Net income Additional information: 1. MUNSUN COMPANY Income Statement For the Year Ended November 30, 2022 2. 3. 4. 5. $1,900,000 4,400,000 6,300,000 1,600,000 450,000 700,000 $7,600,000 4,700,000 2,900,000 1,150,000 $1,750,000 Accounts receivable decreased $380,000 during the year, and inventory decreased $300,000. Prepaid expenses increased $150,000 during the year. Accounts payable to suppliers of inventory decreased $350,000 during the year. Accrued expenses payable decreased $100,000 during the year. Administrative expenses include depreciation expense of $110,000.
The following information were taken from the 2019 balance sheet and income statement for WAY retailer:Net salesOR 1,937.80Cost of goods soldOR 1,151.70Operating expensesOR 447.20InventoryOR 186.10Accounts receivableOR 78.00Other current assetsOR 422.70EquipmentOR 400.00Distribution centersOR 140.00Long-term liabilitiesOR 320.00Calculate (you need to show your calculations; not acceptable to show only a final number):1. Asset turnoverWhat does this number mean? ______________________________________2. Return on AssetWhat does this number mean? ______________________________________3. Net profit marginWhat does this number mean? ______________________________________
Requlred Information [The following informetion applies to the questions dlisplayed below) Grant Enterprises and Lee Corporation report the following smounts for the year Grant $ 38,800 24,0 355,280 21,8ae Lee $ 56,00 Inventory (beginning) Inventory (ending) Purchases 185,8aa Purchase returns Requlred: 1. Calculate cost of goods sold for esch compeny Grant Lee Boginning inventory Cost of goods available for sale Cost of goods sold
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