If $6,000 was the beginning inventory, purchases were $10,000, and sales were $7,000, how much was the ending inventory last accounting period? a. $9,000 b. $6,000 c. $0 d. $3,000
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How much was the ending inventory last accounting period?
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- Assuming that net purchases cost R250 000 during the year. The closing inventory was of R4 000, and opening inventory was of R30 000, how much was the cost of goods sold? Select one: a. R280 000 b. R246 000 c. R276 000 d. R254 000Question: The quick ratio is 0.81. Current assets are $103,000 and current liabilities are $79,000. What is the amount in the inventory account?20. Company sold inventory fo $300,000 terms 2/10, n/30. Cost of goods sold was $152,000, How much sales revenue will they report form the sale assuming the company records the net amount?
- I. Compute the peso amount of each item indicated by a letter below: (8 points) Beginning Net Inventory Ending Purchases Inventory Sales 1.)175,000 2.) d. 62,000 3.) 280,000 72,000 4.) 440,000 90,000 a. 85,000 e. 217,000 i. 60,000 68,000 f. Cost of Gross Sales Profit b. 158,000 g. 110,000 j. Operating Expenses 90,000 110,000 90,000 100,000 k. C. h. 170,000 Net Income (Loss) 62,000 20,000 (51,000) 90,000If firm’s beginning inventory is $70,000, purchases are $320,000, and the cost of good sold is $300,000, what is its ending inventory?a. 260,00b. $30,000c. $90,000d. $330,000How much were inventory purchases when cost of goods sold was $250,000, beginning inventory was $20,000, and ending inventory was $25,000?
- If beginning inventory is $40,000, purchases are $215,000, and ending inventory is $35,000, what is cost of goods sold as determined by the cost of goods sold model? a.$140,000 b.$210,000 c.$220,000 d.$290,00020. By the gross profit method, the ending inventory, based on the following facts, should be Beginning inventory Net purchases 57,000 92,000 Net sales revenue Gross profit rate a. $134,000. b. $78,800. C. $55,200. d. $97,200. 77,000 40%Purchases of an inventory item during last month vere as follows: Number of items Unit price $5.00 5 10 8 15 $8.00 $6.00 $3.00 What was the weighted average price per item? O a Ob O c Od $5.21 $49.50 $55.50 $5.50
- Assuming that net purchases was P90,000 during the year and that ending merchandise inventory was P20,000 less than beginning merchandise inventory of P250,000, how much was the cost of goods sold? a. P1,130,000 b. P670,000 c. P920,000 d. P1,170,000.1. TAPULAN KO Company provided the following data for the current year: Inventory, January 1 P2,000,000, Purchases P7,500,000, Purchase Returns and Allowances P500,000, Sales returns and allowances P750,000, Inventory, December 31 P2,800,000, Gross profit rate 20%, What is the amount of gross sales for the current year?What is the inventory turnover if COGS is $10,000, beginning inventory was 200, and ending inventory was 76?