Toys "R" Us had cost of goods sold of $12,355 million, ending inventory of $3,187 million, and average inventory of $2,343 million. Its days' sales in inventory equals:

None

Cost of Goods Sold was $53,653, Accounts payable decreased by 10,942.and inventory decreased by $16,633 What was the cash paid to suppliers?

Inventory turns ProofSmart Inc., a supplier of home insulation materials, was burned down in a recent fire. From the remains of what used to be the accounting ledger, the following information was recovered: Inventory Gross Margin Inventory Turns Multiple Choice 2011 $2,367321 16% 13 Prior to the fire, ProofSmart saw a sales growth of 15% in 2012, a record performance for the 18 year-old company. What was the sales for 2012? NOTE: Gross margin is defined as 1-(COGS /Sales). 30772573 36492036 67369882 2012 $2,418,257 45% (unreadable) 42106226

12. Determine the planned purchases for January (a) at retail and (b) at cost for the lingerie department when the seasonal merchandise plan indicates the following planned figures: Round to the nearest dollar. Sales                            $88,000 Markdowns                        8% BOM Stock             $81,000 EOM Stock             $66,000 Markup                             49%

Genchev Industries conducts an ABC analysis of its inventory and develops the following table from its findings. Item Annual Usage Unit Cost Dollar Usage 1 9,960 $43.20 $430,272 2 3,362 $22.80 $76,654 3 8,332 $9.90 $82,487 4 3,074 $22.30 $68,550 5 2,968 $8.40 $24,931 6 4,195 $25.00 $104,875 7 4,536 $19.20 $87,091 8 9,538 $65.60 $625,693 9 3,484 $3.20 $11,149 10 10,232 $5.70 $58,322   Which of these items is a C item?   a. Item 8   b. Item 6   c. Item 5   d. Item 1

How to Treat Inventory?

So, what exactly is the function of finished-goods inventory?

Discuss what is meant by ABC analysis of inventory.Name several measures that can determine ABCstatus

Use the inventory table and the gross profit inventory method to estimate the ending inventory and cost of goods sold if a 40% gross profit is realized on sales and net sales are $115,990. Date of purchase Units Cost per Total Retail price Total retail purchased unit cost per unit value Beginning inventory 41 $830 $34,030 $985 $40,385 February 5 20 $1,750 $35,000 $2,115 $42,300 February 19 15 $975 $14,625 $1,996 $29,940 March 3 28 $470 $13,160 $610 $17,080 Goods available for sale 104 $129,705 Units sold 81 Ending inventory 23 The estimated cost of goods sold is $