Multiple choice 10. Using the following information, what is the amount of net sales?b.C.25,780ned. 56,250a.PurchasesP28,000Merchandise inventory April 16,50013Sales returns and allowances750Purchases returns and allowances1,000Purchases discountsP800Merchandise inventory April 307,800Sales57,000Transportation in25,780b. 57,000880a.с.57,750d. 56,250P28,000

>Sales is the main source of revenue of manufacturing or merchandising business. >Sales can…

10. Using the following information, what is the amount of net sales? P28,000 Purchases Merchandise inventory April 1 6,500 Sales returns and allowances Purchases returns and allowances 750 1,000 P800 Purchases discounts Merchandise inventory April 30 Sales 7,800 57,000 880 Transportation in a. 25,780 b. 57,000 c. 57,750 d. 56,250 of merchan

10. Using the following information, what is the amount of net sales? P28,000 Purchases Merchandise inventory April 1 6,500 Sales returns and allowances Purchases returns and allowances 750 1,000 P800 Purchases discounts Merchandise inventory April 30 Sales 7,800 57,000 880 Transportation in a. 25,780 b. 57,000 c. 57,750 d. 56,250 of merchan

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter7: Inventories

Section: Chapter Questions

Problem 4PEB: Beginning inventory, purchases, and sales for WCS12 are as follows: Assuming a perpetual inventory...

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Question

Multiple choice

10. Using the following information, what is the amount of net sales?
b.
C.
25,780
ne
d. 56,250
a.
Purchases
P28,000
Merchandise inventory April 1
6,500
13
Sales returns and allowances
750
Purchases returns and allowances
1,000
Purchases discounts
P800
Merchandise inventory April 30
7,800
Sales
57,000
Transportation in
25,780
b. 57,000
880
a.
с.
57,750
d. 56,250
P28,000

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Beginning inventory, purchases, and sales for WCS12 are as follows: Assuming a perpetual inventory system and using the weighted average method, determine (a) the weighted average unit cost after the October 22 purchase, (b) the cost of goods sold on October 29, and (c) the inventory on October 31.
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Multiple choice
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8. Using the following information, what is the amount of cost of merchandise sold? Purchases Merchandise inventory April 1 Sales returns and allowances Purchases returns and allowances P28,000 6,500 750 1,000 P800 Purchases discounts Merchandise inventory April 30 7,800 57,000 Sales 880 Transportation in a. 25,780 b. 23,270 C. 31,220 d. 24,020
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JJ. 174.
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