Answer :- Calculation of Net Delivered Cost of Purchase =
Net Delivered Cost of Purchase = Purchase + Freight In - Purchases returns and allowances - purchases discounts
Net Delivered Cost of Purchase = $2,000 + $125 - $600 - $28
Net Delivered Cost of Purchase = $1,497
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Type your answer in the box. Purchases were $2,000, purchases returns and allowances were $600, purchases...
Type your answer in the box. Purchases were $2,000, purchases returns and allowances were $600, purchases discounts were $28, and freight in was $125. The net delivered cost of purchases equals $ (Do not input a comma or cents.)
For the current fiscal year, Purchases were 275,000, purchase returns and allowances were $8,500, Purchase discounts were $2,500 and Freight in was $35,000. If the beginning merchandise inventory was $63,000 and the ending merchandise was $81,000, the cost of goods sold is:
Using the following information, answer the questions. $198,000 Net sales 92,000 Purchases Purchases returns and allowances 1,800 Purchases discounts 1,250 1,590 Freight-in Merchandise inventory, beginning of period 63,000 Merchandise inventory, end of period 37,000 Determine the cost of goods sold. Cost of Goods Sold Section Net purchases Determine the cost of goods sold. Cost of Goods Sold Section Net purchases Cost of goods sold Determine the gross profit.
For the current fiscal year, Purchases were $340,000, Purchase Returns and Allowances were $9,800, Purchase Discounts were $3,800 and Freight In was $48,000. If the beginning merchandise inventory was $69,500 and the ending merchandise inventory was $94,000, the Cost of Goods Sold is: a) $374,400 b) $398,900 c) $349,900 d) $377,100
For the current fiscal year, Purchases were $230,000, Purchase Returns and Allowances were $3,800 and Freight In was $17,000. If the beginning merchandise inventory was $150,000 and the ending merchandise inventory was $83,000, the Cost of Goods Sold is:
Type your answer in the box. On April 8, Party Time received merchandise costing $1,500 with freight charges of $100 paid by the supplier and added to the invoice, terms 2/10, n/30. Some goods were returned, and, on April 11, the supplier issued a credit memo in the amount of $400. On April 17, Party Time wrote a check for the amount due of $ (Do not input a comma or cents.)
Type your answer in the box. On April 8, Party Time received merchandise costing $1,500 with freight charges of $100 paid by the supplier and added to the invoice, terms 2/10, n/30. Some goods were returned, and, on April 11, the supplier issued a credit memo in the amount of $400. On April 17, Party Time wrote a check for the amount due of $ (Do not input a comma or cents.)
For the current fiscal year, Purchases were $160,000, Purchase Returns and Allowances were $3,100 and Freight In was $10,000. If the beginning merchandise inventory was $115,000 and the ending merchandise inventory was $76,000, the Cost of Goods Sold is: Multiple Choice $107,900 $212,100 $205,900 $185,900
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For the current fiscal year, Purchases were $300,000, Purchase Returns and Allowances were $4,500 and Freight In was $24,000. If the beginning merchandise inventory was $185,000 and the ending merchandise inventory was $90,000, the cost of Goods Sold is: $414,500 o o o of $423,500 $176,500 $366,500
Account titles available for use: Cash Accounts Receivable Purchases Purchase Allowances Purchase Returns Sales Revenue Cost of Goods Sold Freight Expense Accounts Payable Purchase Discounts Sales Returns Interest Expense Inventory Supplies Freight-In Loss from Inventory Shrinkage Record the following transaction using the perpetual method. For account titles use the account names listed above (be cautious about spelling as this can return an incorrect answer). For transaction amounts do not use "$" or commas in your answer. For compound entries list...