What is the cost of goods sold?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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What is the cost of goods sold?

 

Ending Balances
5,800,000
357,000
43,000
45,000
56,000
254,000
345,000
9,825,000
325,000
245,000
535,000
247,000
230,000
42,000
225,000
125,000
25,000
Accounts
Gross Purchases
Purchase Discounts
Purchase Returns & Allowances
Transportation-In
Transportation-Out
Beginning Merchandise Inventory
Ending Merchandise Inventory
Gross Sales
Sales Returns and Allowances
Sales Discounts
Supplies (unused portion is 125,000)
Salaries Expense
Utilities Expense
Advertising Expense
Rental Expense
Consultancy and Professional Fees
Taxes and Licenses
Transcribed Image Text:Ending Balances 5,800,000 357,000 43,000 45,000 56,000 254,000 345,000 9,825,000 325,000 245,000 535,000 247,000 230,000 42,000 225,000 125,000 25,000 Accounts Gross Purchases Purchase Discounts Purchase Returns & Allowances Transportation-In Transportation-Out Beginning Merchandise Inventory Ending Merchandise Inventory Gross Sales Sales Returns and Allowances Sales Discounts Supplies (unused portion is 125,000) Salaries Expense Utilities Expense Advertising Expense Rental Expense Consultancy and Professional Fees Taxes and Licenses
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