Please do this in excel and not on paper, thanks! 146147 13148 Given the following information calculate:Value149 B. gross cost of merch sold:CostRetail150$80,000.00$38,400.00$31,200.00151opening inventory$65,000.00152gross purchases$12,000.00$30,000.00$5,760.00153154returns to vendors$14,400.00$2,000.00net transfers in.55freight56total merch handledCMU =57net sales$75,000.00 cost % =58net markdowns$12,000.00$0.00595051employee discountstotal retail deductionsclsoing book inventory2closing physical inventory$73,000.003inventory shortage4gross cost of merch sold

Cost of Goods Sold: The term "cost of goods sold" (COGS) refers to the direct expenses incurred by a…

Given the following information calculate: Value B. gross cost of merch sold: Cost Retail $80,000.00 $65,000.00 opening inventory $38,400.00 gross purchases $31,200.00 $5,760.00 $12,000.00 returns to vendors net transfers in $14,400.00 $30,000.00 freight $2,000.00 CMU = total merch handled $75,000.00 cost % = $12,000.00 net sales net markdowns employee discounts $0.00 total retail deductions clsoing book inventory closing physical inventory $73,000.00 inventory shortage gross cost of merch sold

Given the following information calculate: Value B. gross cost of merch sold: Cost Retail $80,000.00 $65,000.00 opening inventory $38,400.00 gross purchases $31,200.00 $5,760.00 $12,000.00 returns to vendors net transfers in $14,400.00 $30,000.00 freight $2,000.00 CMU = total merch handled $75,000.00 cost % = $12,000.00 net sales net markdowns employee discounts $0.00 total retail deductions clsoing book inventory closing physical inventory $73,000.00 inventory shortage gross cost of merch sold

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

On the indirect statement of cash flows, $500,000 relating to notes payable was subtracted from net income to get indirect cash flow from operations. This must mean that: Notes payable were $500,000 at the beginning of the year. O Notes payable were $500,000 at the end of the year. Incorrect. Notes payable increased by $500.000 over the year. Notes payable decreased by $500,000 over the year.
Can i have the answers for all in formula steps not excel please. Kind of hard to understand.
Hi can you show how to input in excel using the pmt formula thank you so much
Cost objects may be: Multiple Choice products. services. departments. All of these answers are correct.
Hi, Could you please show me how to solve this with formulas? not excel, I should have clarified. Thanks
Hi can you show how to input in excel using the PV formula thank you so much
is there a way to do this question with formulas and a calculator instead of excel? if so please upload the solution this way
Please show how IRR was being calculated. Excel is not helping because doesn't show how the IRR is calculated.
Explain cost of conversion. (please give a clear explanation and avoid plagiarism. Thank you.)
Adecision tree is a support tool that models decisions using a treelike diagram. A True B False