Chapter 19, Problem 8DQ

For the current fiscal year, Purchases were $380,000, Purchase Returns and Allowances were $12,000, Purchase Discounts were $5,500, and Freight-In was $52,000. If the beginning merchandise inventory was $75,000 and the ending merchandise inventory was $102,000, what is the Cost of Goods Sold (COGS)? a) $391,500 b) $417,500 c) $387,500 d) $394,500

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The direct materials quantity variance is

Subject General Accounting: Shelbi Sisters has a DSO of 15 days. The company's average daily sales are $30,000. What is the level of its accounts receivable? Assume there are 365 days in a year. Help me