QUESTION 2 Buzz Ltd has Sales figure of £8,200, opening Inventory of £1,300, closing inventory £900, purchases £8,400, carriage inwards£200. The cost of goods sold figure is?

Q: None

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Q: What is the effect of the following business activity on the element indicated? You bought inventory…

A: The correct option with proper explanation are as follows

Q: Need help with this question

A: To begin, it's important to understand how sales, cost of goods sold (COGS), sales returns and…

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A: Cost of goods sold (COGS): Cost of goods sold refers to the direct costs of producing the goods sold…

Q: ill in the blanks :  Sales Revenue $800 Beginning Inventory $100 Purchases $700 Available for…

A: The income statement is one of the essential parts of the financial statement used for reporting the…

Q: What is the cost of sales?    Sales - £120,000, Opening Inventory £25,000, Purchases, £85,000,…

A: Cost of sales: The actual cost of direct expenses that were spent for the operations of business is…

Q: A company provided the following data: sales, $150,000; sales returns, $8,000; ending inventory,…

A: The beginning inventory is the cost of inventory which is brought from the last accounting period.…

Q: Net sales Cost of goods sold $ 180,000 124,000

A: Ratio analysis is a technique to know the liquidity, profitability and operational efficiency of the…

Q: Shell Company purchased merchandise inventory with an invoice price of $4,000 and credit terms of…

A: Given Information : Invoice price of merchandise inventory purchased = $4,000 Credit terms = 2/10,…

Q: If Gross Profit is O a. Zero O b. 110,000 O c. 165,000 O d. 65,000

A: Gross profit is the difference between sales revenue and cost of goods sold.Cost of goods sold is…

Q: 1. 2 3. The income statement of Crane Company is presented here. 5. Crane Company Income Statement…

A: Cash flow statement :— It is one of the financial statement that shows change in cash and cash…

Q: Funky Dance sold inventory for $250,000, terms 1/10, n/30. Cost of goods sold was $168,000. How much…

A: Sales revenue: Sales revenue is the amount earned by the company by selling goods or providing…

Q: sume a company had the following inventory information: eginning Inventory: 90 units @ $4.00 cost…

A: Under average cost method, average cost per unit is arrived at by dividing Total cost of units…

Q: Data table Sales revenue Cost of goods sold Gross profit Operating expenses Net income before tax $…

A: Inventory Valuation Methods are methods of valuation of inventory. There are three methods of…

Q: If beginning inventory is $10,000, purchases are $90,000 and ending inventory is $30,000, what is…

A: Beginning Inventory is recorded on the first day of the financial year whereas Ending inventory is…