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?Sub: financial Accounting
- How 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.$290,000Assuming 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.
- Need help1. 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?
- Kmu11. The ending Merchandise Inventory for Yr. 1 was $100,000 and for Yr. 2 was $94,000. The Acounts Payable balance for Yr. 1 was $40,000 and for Yr. 2 was | $42,000. Cost of Goods Sold for the year was $360,000. What was the total amount of cash payments for merchandise for Yr. 2? A. $352,000 O B. $356,000 OC. $360,000 D. $364,000 O E. $368,000Q3 Computational. From the following information, determine the amount of ending inventory.Beginning Inventory - P20,000Purchases - 41,000Purchase Returns and Allowances - 3,000Purchase Discounts - 4,000Freight-In – 10% of gross purchasesCost of Goods Available for Sale - 55,000Cost of Goods Sold - 22,500