Using the following information, what is the cost of goods sold? Purchases $32,282   Selling expense $955 Inventory, September 1 7,698   Inventory, September 30 2,640 Administrative expense 525   Sales 52,858 Rent revenue 1,044   Interest expense 893 a.$893 b.$31,176 c.$37,340 d.$14,993

Calculate the cost of goods sold for a merchandiser using the periodic inventory system from the following details. Purchases Beginning Merchandise Inventory Purchase Returns and Allowances Purchase Discounts Freight In Ending $510,000 175,000 50,000 12,000 18,000 160,000 Merchandise Inventory $510,000 $481,000 $499,000 $801.000 D

Sales Transactions Journalize the following merchandise transactions: a. Sold merchandise on account, $14,850 with terms 2/10, n/30. The cost of the merchandise sold was $8,910. Sale Cost b. Received payment less the discount. C. Issued a credit memo for returned merchandise that was sold for $10,700 terms n/30. The cost of the merchandise returned was $6,420. Refund Inventory

Consider the information for each of the following companies:                                                        A            B           C             D Opening inventory                         $?         $184      $112        $750 Purchases                                     1,415         ?           840          5,860 Transportation -in                          25           6            15             ? Cost of goods available for sale  1,940      534           ?            6,620 Ending Inventory                           340       200         135            ? Cost of Goods Sold                        ?            ?             ?            5,740 Required: Calculate the missing amounts.

Fill in the blanks in the following separate income statements a through e. (amounts to be deducted should be indicated by a minus sign)                                                                                   a                  b                   c                    d                    e Sales                                                               $63,000        $43,600         $41,000        ________       $24,500 Cost of goods sold Merchandise inventory (beginning)                $7,500          $16,290          $5,200          $7,700            $4,400 Total cost of merchandise purchases             $33,000        _______        _______      $33,000           $6,800 Merchandise Inventory (ending)                     _______       $-2,700         $-8,300          $-7,400            ______ Cost of goods sold                                          $33,450        $17,000         _______         ______           $6,400 Gross profit…

Computing Net Sales Based on the following information, compute net sales. Gross sales $3,860 Sales returns and allowances 410 Sales discounts 80   Net sales: $?

If beginning inventory is $1,998, ending inventory is $1,407 and cost of goods sold is $11,158, how much is purchases?

Question: The cost of goods sold as a percentage of net sales revenue is (round your answer to two decimal places). Sales Revenue $420,000 Sales Returns and Allowances 1,400 Sales Discounts Net Sales Revenue Cost of Good Sold a) 62.45% b) 62.58% c) 61.90% d) 62.24% 850 417,750 260,000

If the cost of goods available for sale equals $116,029, calculate the cost of goods sold using the table below. Cost per unit Number of units on hand Total cost $860 8 $1760 10 $945 8 6 32 $480 Ending inventory The cost of goods sold is S $6,880 $17,600 $7,560 $2,880 $34,920 ***

Cable Knit, Inc. reported cost of goods sold of $3,800 for the current year. Its beginning inventory was $3,900 and its ending inventory was $1,400. What was the amount of purchases made during the year?