If $8,400 was the beginning inventory, purchases were $14,000, and sales were $12,600, how much was the ending inventory last accounting period?
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If $8,400 was the beginning inventory, purchases were $14,000, and sales were $12,600, how much was the ending inventory last accounting period?
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- What was Paloma Company's approximate inventory turnover ratio if the beginning inventory was $5,000, and the ending inventory was $2,000, the total sales during the period were $60,000, and the gross profit was $22,000?If beginning inventory is $1,998, ending inventory is $1,407 and cost of goods sold is $11,158, how much is purchases?Beginning inventory was $4,000, purchases totaled $31,000, and sales were $20,000. What is the ending inventory?
- If your cost of goods sold for the year was $825,000, with beginning inventory of $240,000 and ending inventory of $260,000, what is the inventory turnover ratio?The last accounting period?7. Charles Inc. has an ending inventory of $423,425, and the cost of goods sold for the year just ended was $5,231,425. What is the inventory turnover? The days’ sales in inventory? How long on average did a unit of inventory sit on the shelf before it was sold?
- The days' sale in inventory is 73. The cost of goods sold is 720,000. The net sales are 1,020,000, the beginning inventory was 82,000. What is the ending inventory?What was the amount of inventory purchased during the year?Based on the following data for the current year, what is the number of days' sales in inventory? Assume 365-day year. Sales on account during year $501,145 211,416 Cost of goods sold during year Accounts receivable, beginning of year 41,636 Accounts receivable, end of year 49,650 Inventory, beginning of year 34,506 Inventory, end of year 39,238 Do not round interim calculations. Round your final answer up to the nearest whole day. Oa. 64 Ob. 365 Oc. 6 Od. 79