6A Ending Inventory (b) Cost of goods sold $127,000 $40,000 $34,000 A SA (d) (f) Assistance Used
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- Q. 3.. Compute the commission and net proceeds for the sale on consignment. Trucking & Gross Sales $42,800 Commission Rate 6% Commission Delivery $988.00 Storage $650 Air Freight $0 Net ProceedsWhat is the cost of goods sold? O A. $751,700 OB. $364,500 O C. $455,400 O D. $520,600For each of the following, determine the missing amounts. SalesRevenue Cost ofGoods Sold GrossProfit OperatingExpenses NetIncome $100,000 $ $ $30,000 $12,000 $ $135,000 $125,000 $ $80,000
- BeginningInventory Purchases Cost of GoodsAvailable for Sale EndingInventory Cost ofgoods sold $ 87,000 $ 117,000 $ (a) $ (b) $ 127,000 $ 56,000 $ (c) $ 121,000 $ 40,000 $ (d) $ (e) $ 107,000 $ 167,000For each of the following, determine the missing amounts. Net Sales Cost ofGoods Sold GrossProfit OperatingExpenses Income FromOperations $100,000 $ $ $30,000 $12,000 $ $135,000 $125,000 $ $80,000Help please
- Sales revenue $39,900 $75,300 $573,800 $35,400 $55,100Cost of goods sold 19,000 49,500 265,900 19,300 30,200Operating expenses 10,100 40,500 233,700 11,900 18,300 Total expenses 29,100 90,000 499,600 31,200 48,500Operating profit (loss) $10,800 $(14,700) $74,200 $4,200 $6,600Identifiable assets $35,200 $79,900 $493,400 $66,300 $49,900 Prepare the necessary disclosures required by GAAPSnyder’s total cost of goods available for sale would be:a. $2,000.b. $7,200.c. $8,000.d. $9,200.x CIOLII ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mhe -r Budget Problem i Saved Total cash payments $ 844,200 $ 831,600 $ 846,300 Cash Budget April May June Beginning cash balance Add: Cash receipts from sales Total cash available $ 168,000 2,066,400 2,036,160 1,980,720 2,234,400 Ook Less: Cash payments for: Int Direct labor 620,550 626,850 642,600 ences Direct material 844,200 831,600 846,300 Dividends 0 42,000 0 General and administrative salaries 50,400 50,400 50,400 Loan interest 120 0 0 Long-term note interest Purchases of equipment 18,900 0 18,900 18,900 0 420,000 Sales commissions Sales salaries 165,312 157,248 161,280 12,600 12,600 12,600 Variable overhead. 111,699 112,833 115,668 Total cash payments 1,823,781 1,852,431 2,267,748 Preliminary cash balance Additional loan (loan repayment) (12,000) Ending cash balance Prev 1 of 1 Next Q Search ASUS
- Fill in the missing items for the following inventories; Beginning balance $15,300 $34,600 $18,000 Ending balance 13,500 29,000 15,000 Transferred in 45,000 Transferred out 83,000. 20,0003Problem 10-10 (AICPA Adapted) At year-end. Kerr Company purchased goods costing P500,000 FOB destination. These goods were received at year-end. The costs incurred in connection with the sale and delivery of the goods were: Packaging for shipment Shipping Special handling charges. What total cost should be included in inventory? 10,000 15,000 25,000 a. 545,000 b. 535,000 c. 520,000 d. 500,000
