Homework Answers
Answer with calculation, as required
| Beginning Inventory | $246,000 | |
| Purchases | $1,880,000 | |
| Cost of Goods available for sale | $2,126,000 | |
| Estimated cost of Goods Sold: | ||
| Sales | $3,905,000 | |
| Less: Gross Profits ($3905000 x 60%) | $2,343,000 | |
| Estimated cost of Goods Sold | $1,562,000 | |
| Estimated cost of ending inventory | $564,000 |
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Country Technology began the year with inventory of $246,000 and purchased $1,880,000 of goods during the...
State Technology began the year with inventory of $270,000 and purchased $1,860,000 of goods during the...
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Assignments Country Technology began the year with inventory of $320,000 and purchased $1,000,000 of goods during...
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du/courses/36546/assignments/825267?module_item_id=2208374 ASU Home MyASU Colleges & Schools Map & Locations Contact ACC 231 Uses of Financial...
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Cambridge Technologies Inc. began 2017 with inventory of
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$110,000 and sold goods for $165,000, with all transactions on
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Cambridge prepared the following journal entries under the periodic
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och for $185,0CC with winescenccount Carmodge ended the year with in wory of $34.000 Cambridge prepared the followigjcumalis under the Camaridge Tacancies Inc began 2017 with inventory of S2100n During na...
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PLEASE PUT SOLUTION IN THE SAME FORMAT AS THE IMAGE THANK YOU! Royal Gorge Company uses...
PLEASE PUT SOLUTION IN THE SAME FORMAT AS THE IMAGE
THANK YOU!
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du/courses/36546/assignments/825267?module_item_id=2208374 ASU Home MyASU Colleges & Schools Map & Locations Contact ACC 231 Uses of Financial Information Desirae Yslava Homework: HW #6 Save Score: 0.18 of 1 pt 5 of 10 (1 complete) HW Score: 182%, 0.18 of 10 pts ( S6-12 (similar to) Question Hep Urban Technology began the year with inventory of $283,000 and purchased 51.840,000 of goods during the year Sales for the year are $2,600.000, and Urban Technology gross profit percentage is 40% of sales. Compute...
Cambridge Technologies Inc. began 2017 with inventory of
$21,000. During the year, Cambridge purchased inventory costing
$110,000 and sold goods for $165,000, with all transactions on
account. Cambridge ended the year with inventory of $34,000.
Cambridge prepared the following journal entries under the periodic
inventory system at year end:
och for $185,0CC with winescenccount Carmodge ended the year with in wory of $34.000 Cambridge prepared the followigjcumalis under the Camaridge Tacancies Inc began 2017 with inventory of S2100n During na...
Capital Technologies Inc. began 2017 with inventory of $20.000. During the year. Capital purchased inventory costing $90,000 and sold goods for $155.000, with all transactions on account Capital ended the year with inventory of $29,000. Capital prepared the following journal entries under the periodic inventory system at year end: Click the icon to view the journal entries.) Requirements 1. Post to the inventory and cost of Goods Sold accounts. 2. Compute cost of goods sold by the colo-good-sold model 3....
Weston Technologies Inc began 2017 with inventory of $24000 During the year. Weston purchased intory conting $130 000 and sold goods for $15.000 Wedon prepared the following journal entries under the periodic inventory system at year and Click the icon to view the journal entries.) ha actions on account W onded they we r Requirements 1. Post to the Inventory and cost of Goods Sold accounts 2. Compute cost of goods sold by the cost of goods sold model 3....
PLEASE PUT SOLUTION IN THE SAME FORMAT AS THE IMAGE
THANK YOU!
Royal Gorge Company uses the gross profit method to estimate ending inventory and cost of goods sold when preparing monthly financial statements required by its bank. Inventory on hand at the end of October was $58,800. The following information for the month of November was available from company records: $113,000 3,300 195,000 8,000 5,500 Purchases Freight-in Sales Sales returns Purchases returns In addition, the controller is aware of...
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