of goods sold.f Goodse for Sale$111,000$158,000$EndingInventory$34,700LA$31,400 $-/5 = :Cost ofGoods Sold$122,000Assistance Used Question 1 of 7Current Attempt in ProgressThe following are the components in determining cost of goods sold.Determine the missing amounts.(a)(b)(c) $< >Save for LatereTextbook and MediaPage 2 of 212BeginningInventoryMAY16$79,400338 words English (United States)O$53,300 $tv ♫PurchasesAPizzeria2$104,300$120,000tes7 AA C$? |Cost of GoodsAvailable for Sale$111,000$158,000MEXICallRestaurant, LLCAttempts: 0 of 5 usedCOOLAWFocuscricut-/5 3EEndingInventory$34,700Assistance Used$31,400dSubmit Answer;=71 Vent (Oil ChangeTRANHAVELET

The COGS (cost of goods sold) is the total direct cost incurred while producing the goods. In other…

Current Attempt in Progress The following are the components in determining cost of goods sold. Determine the missing amounts. (a) (b) (c) $ Beginning Inventory eTextbook and Media Save for Later $79,400 $53,300 $ Purchases $104,300 $ $120,000 Cost of Goods Available for Sale $111.000 $158,000 $ Ending Inventory Attempts: 0 of 5 used $34,700 $31,400 Assistance Used Submit Answer

Current Attempt in Progress The following are the components in determining cost of goods sold. Determine the missing amounts. (a) (b) (c) $ Beginning Inventory eTextbook and Media Save for Later $79,400 $53,300 $ Purchases $104,300 $ $120,000 Cost of Goods Available for Sale $111.000 $158,000 $ Ending Inventory Attempts: 0 of 5 used $34,700 $31,400 Assistance Used Submit Answer

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 4MC: If goods are shipped FOB destination, which of the following is true? A. Title to the goods will...

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What is the cost of goods sold? O A. $751,700 OB. $364,500 O C. $455,400 O D. $520,600
Use the following to answer questions 30 – 35 Find the missing amounts: Case 1 Case 2 Case 3 Net Sales S687,000 $922,500 COGS ? 478,500 654,000 Gross profit 324.100 456.000| Operating expense 299,500 354,200 Operating income ? ? 94.500 30. $ sold For case 1, determine cost of goods 31. $ For case 1, determine operating income (include “-“ if needed) 32. $ For case 2, determine gross profit 33. $ (include For case 2, determine operating income “_“ if needed) 34. $ For case 3, determine net sales 35. $ For case 3, determine operating expense
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Q36 Goods of the Invoice value R240 000 sent out to consignee at 20% profit on cost. If all goods were sold, what would be the gross amount? Select one: a. R48 000 b. R50 000 c. R40 000 d. R33 333
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1. Compute the missing term. Dollar Markup Cost $427.38 a. $216.41 dollar markup b. $361.41 dollar markup c. $261.41 dollar markup d. $1,116.17 dollar markup Selling Price $688.79
Solving pls find
shj.3
How did you find these?
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1
The Music carries a large inventory of quitars and other mussical instruments Tho store usos the FIFO method and a perpetual inventory system Company records indicato the following for a particular line of quitars Propare the porpotual inventory record Start by entering the opening balance of inventory Enter the transactions in chronological order When entenng sales, enter the oldost cost in the first line Bo sure to calculate the balance after each transaction (Use parentheses or a minus sign in front of the quantity and the total cost when those numbers are subtracted from inventory) Date Item Quantity Unit Cost Sep Balance $900 6. Sale 3 Purchase 12 $830 Dale Quantity Unit Cost Total Cost 17 Sale 15 900 4 500 30 Purchase $830 Sep (3) (2,700) 6. Required Prepare a perpetual inventory record for the guitars Then determine the amounts The Music should report for ending inventory and cost of goods sold under the FIFO method 1 800 Bal 12 9 960 8. 830 14 11 760 Bal 17 (2) 900 (1.800) (2)…