Harlow Co. is a merchandising company. Last month the company's cost of goods sold was $65,200. The company's beginning merchandise inventory was $12,500 and its ending merchandise inventory was $22,400. What was the total amount of the company's merchandise purchases for the month? Help
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Harlow Co. is a merchandising company. Last month the company's cost of goods sold was $65,200. The company's beginning merchandise inventory was $12,500 and its ending merchandise inventory was $22,400. What was the total amount of the company's merchandise purchases for the month? Help
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- Langstons purchased $3,100 of merchandise during the month, and its monthly income statement shows a cost of goods sold of $3,000. What was the beginning inventory if the ending inventory was $1,250?What was the total amount of the merchandise purchase?Haab inc. Is a merchandising company. Last month the company's cost of goods sold was $70,400.
- Kartik Inc. is a merchandising company. Last month the company's cost of goods sold was $76,000. The company's beginning merchandise inventory was $15,700 and its ending merchandise inventory was $22,500. What was the total amount of the company's merchandise purchases for the month?Colton Inc. is a merchandising company. Last month, the company's cost of goods sold was $85,600. The company's beginning merchandise inventory was $18,200, and its ending merchandise inventory was $30,500. What was the total amount of the company's merchandise purchases for the month? Answer this questionAns ?
- Colton Inc. is a merchandising company. Last month, the company's cost of goods sold was $85,600. The company's beginning merchandise inventory was $18,200, and its ending merchandise inventory was $30,500. What was the total amount of the company's merchandise purchases for the month?Colton Inc. is a merchandising company. Last month, the company's cost of goods sold was $85,600. The company's beginning merchandise inventory was $18,200, and its ending merchandise inventory was $30,500. What was the total amount of the company's merchandise purchases for the month? correct answerHaaker Inc. is a merchandising company. last month the company's cost of goods sold was $87,000. The company's beginning merchandise inventory was $21,000 and its ending merchandise inventory was $19,000. What was the total amount of the company's merchandise purchases for the month? $84,000 $126,000 $85,000 $87,000 Show work and calculation
- Please help me. Thankyou.In April, Holderness Incorporated, a merchandising company, had sales of $286,000, selling expenses of $20,500, and administrative expenses of $31,500. The cost of merchandise purchased during the month was $168,000. The beginning balance in the merchandise inventory account was $40,500 and the ending balance was $54,500 Required: Prepare a traditional format income statement for April. Holderness Incorporated For the month of April Traditional Format Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses Selling expense Administrative expense $ 20,500 31,500 5 286.000 154.000 132.000 52.000 $ 80,000 4At the end of January, Mineral Labs had an inventory of 905 units, which cost $13 per unit to produce. During February the company produced 1,550 units at a cost of $17 per unit. a. If the firm sold 2,150 units in February, what was the cost of goods sold? (Assume LIFO inventory accounting.) b. If the firm sold 2,150 units in February, what was the cost of goods sold? (Assume FIFO inventory accounting.)