Calculate ending inventory
Ending inventory | ||
a) | Gross profit is 49% of Sales | (2108600-2415000*51%) = 876950 |
b) | Gross profit is 60% of Cost | (2108600-1509375) = 599225 |
c) | Gross profit is 38% of Sales | (2108600-2415000*62%) = 611300 |
d) | Gross profit is 25% of Cost | (2108600-1932000) = 176600 |
Presented below is information related to Stellar Corporation for the current year. $ 609,300 1,499,300 Beginning...
Presented below is information related to Stellar Corporation for the current year. Beginning inventory $ 596,100 Purchases 1,522,700 Total goods available for sale $2,118,800 Sales revenue 2,590,000 Compute the ending inventory, assuming that (a) gross profit is 45% of sales, (b) gross profit is 60% of cost, (c) gross profit is 37% of sales, and (d) gross profit is 25% of cost. (Round ratios for computational purposes to 1 decimal place, e.g. 78.7% and final answers to 0 decimal places,...
Presented below is information related to BLANK Corporation for the current year. Beginning inventory $ 611,300 Purchases 1,493,300 Total goods available for sale $2,104,600 Sales revenue 2,505,000 Compute the ending inventory, assuming that (a) gross profit is 48% of sales, (b) gross profit is 60% of cost, (c) gross profit is 38% of sales, and (d) gross profit is 25% of cost. (Round ratios for computational purposes to 1 decimal place, e.g. 78.7% and final answers to 0 decimal places,...
Presented below is information related to Nash Corporation for the current year. $589,900 1,483,300 Beginning inventory Purchases Total goods available for sale Sales revenue $2,073,200 2,400,000 Compute the ending inventory, assuming that (a) gross profit is 44% of sales, (b) gross profit is 60% of cost, (c) gross profit is 38% of sales, and (d) gross profit is 25% of cost. (Round ratios for computational purposes to 1 decimal place, e.g. 78.7% and final answers to 0 decimal places, e.g....
Presented below is information related to Nash Corporation for the current year. $589,900 Beginning inventory Purchases 1,483,300 $2,073,200 Total goods available for sale Sales revenue 2,400,000 Compute the ending inventory, assuming that (a) gross profit is 44% of sales, (b) gross profit is 60% of cost, (c) gross profit is 38% of sales, and (d) gross profit is 25% of cost. (Round ratios for computational purposes to 1 decimal place, e.g. 78.7% and final answers to O decimal places, e.g....
Presented below is information related to Pharoah Corporation for the current year. $ 591,400 1,470,100 Beginning inventory Purchases Total goods available for sale Sales revenue $2,061,500 2,445,000 Compute the ending inventory, assuming that (a) gross profit is 42% of sales, (b) gross profit is 60% of cost, (c) gross profit is 36% of sales, and (d) gross profit is 25% of cost. (Round ratios for computational purposes to 1 decimal place, e.g. 78.7% and final answers to decimal places, e.g....
Presented below is information related to Culver Corporation for the current year. $589,800 1,503,500 Beginning inventory Purchases Total goods available for sale Sales revenue $2,093,300 2,410,000 Compute the ending inventory, assuming that (a) gross profit is 43% of sales, (b) gross profit is 60% of cost, (c) gross profit is 33% of sales, and (d) gross profit is 25% of cost. (Round ratios for computational purposes to 1 decimal place, e.g. 78.7% and final answers to O decimal places, e.g....
Presented below is information related to Bonita Corporation for the current year. $594,100 Beginning inventory 1,497,100 Purchases $2,091,200 Total goods available for sale Sales revenue 2,410,000 Compute the ending inventory, assuming that (a) gross profit is 47% of sales, (b) gross profit is 60% of cost, (c) gross profit is 33% of sales, and (d) gross profit is 25% of cost. (Round ratios for computational purposes to 1 decimal place, e.g. 78.7% and final answers to 0 decimal places, e.g....
Presented below is information related to Cheyenne Corporation for the current year. $600,900 Beginning inventory Purchases 1,523,000 $2,123,900 Total goods available for sale Sales revenue 2,435,000 Compute the ending inventory, assuming that (a) gross profit is 45% of sales, (b) gross profit is 60% of cost, (c) gross profit is 36% of sales, and (d) gross profit is 25% of cost. (Round ratios for computational purposes to 1 decimal place, e.g. 78.7% and final answers to O decimal places, e.g....
Presented below is information related to Sandhill Corporation for the current year. $589,800 Beginning inventory Purchases 1,503,500 $2,093,300 Total goods available for sale Sales revenue 2,410,000 Compute the ending inventory, assuming that (a) gross profit is 43% of sales, (b) gross profit is 60% of cost, (c) gross profit is 33% of sales, and (d) gross profit is 25% of cost. (Round ratios for computational purposes to 1 decimal place, e.g. 78.7% and final answers to 0 decimal places, e.g....
Exercise 9-19
Presented below is information related to Sarasota Corporation
for the current year.
Beginning inventory
$ 608,100
Purchases
1,487,500
Total goods available for sale
$2,095,600
Sales revenue
2,495,000
Compute the ending inventory, assuming that (a) gross profit is
45% of sales, (b) gross profit is 60% of cost, (c) gross profit is
33% of sales, and (d) gross profit is 25% of cost.
(Round ratios for computational purposes to 1 decimal
place, e.g. 78.7% and final answers to 0...