Homework Answers
| cost of goods sold | |||||
| beginning inventory | 65,000 | ||||
| add purchases | 398,200 | ||||
| cost of goods available | 463,200 | ||||
| less ending inventory | -59,700 | ||||
| cost of goods sold | 403,500 | answer | |||
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Brief Exercise 5-10 Tamarisk, Inc. sold goods with a total selling price of $803,000 during the...
Brief Exercise 5-10 Cheyenne Corp. sold goods with a total selling price of $809,500 during the...
Brief Exercise 5-10 Cheyenne Corp. sold goods with a total selling price of $809,500 during the year. It purchased goods for $394,100 and had beginning inventory of $68,300. A count of its ending inventory determined that goods on hand was $54,600. What was its cost of goods sold? Cost of goods sold Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT
Brief Exercise 5-8 Pharoah Company sold goods with a total selling price of $802,400 during the...
Brief Exercise 5-8 Pharoah Company sold goods with a total selling price of $802,400 during the year. It purchased goods for $386,800 and had beginning inventory of $74,100. A count of its ending inventory determined that goods on hand was $59,400. What was its cost of goods sold? Cost of goods sold Click if you would like to Show Work for this question: Open Show Work
Sunland Company sold goods with a total selling price of $802,800 during the year. It purchased...
Sunland Company sold goods with a total selling price of $802,800 during the year. It purchased goods for $381,400 and had beginning inventory of $67,400. A count of its ending inventory determined that goods on hand was $60,600. What was its cost of goods sold? Cost of goods sold $
Pina Colada Corp. sold goods with a total selling price of $806,500 during the year. It...
Pina Colada Corp. sold goods with a total selling price of $806,500 during the year. It purchased goods for $400,400 and had beginning inventory of $69,600. A count of its ending inventory determined that goods on hand was $60,300. What was its cost of goods sold? Cost of goods sold $
blossom company sold goods with a total selling price of 801,000 during the year. it purchased...
blossom company sold goods with a total selling price of 801,000 during the year. it purchased goods for 381,000 and had beginning inventory of 65,000.
urrent Attempt in Progress Your answer is incorrect. Bramble Corp.sold goods with a total selling price...
urrent Attempt in Progress Your answer is incorrect. Bramble Corp.sold goods with a total selling price of $801.900 during the year. It purchased goods for $391.400 and had beginning inventory of $71,100. A count of its ending inventory determined that goods on hand was $60,000. What was its cost of goods sold? Cost of goods sold $ e Textbook and Media Attempts: 1 of 10 used Submit Answer Save for Later Attempte: 1 of 20 un Send to Gradebook Type...
Brief Exercise 6-5 Calculate ending Inventory and cost of goods sold using FIFO (L06-3) During the...
Brief Exercise 6-5 Calculate ending Inventory and cost of goods sold using FIFO (L06-3) During the year, Wright Company sells 490 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year Jan. 1 May. 5 Nov 3 Transaction Beginning inventory Purchase Purchase Number of U nits 4 0 270 220 Unit Cost $68 71 7 6 Total Cost $ 2,720 19,170 16, 720 $38, 610 Calculate ending inventory and cost of goods sold for...
Exercise 11-22 In 2019, Tamarisk, Inc. had net sales of $600,000 and cost of goods sold...
Exercise 11-22 In 2019, Tamarisk, Inc. had net sales of $600,000 and cost of goods sold of $356,000. Operating expenses were $151,000, and interest expense was $5,000. The corporation's tax rate is 31%. The corporation declared preferred dividends of $10,500 in 2019, and its average common stockholders' equity during the year was $201,000 Prepare an income statement for Tamarisk, Inc.. Tamarisk, Inc. Income Statement Compute Tamarisk, Inc.'s return on common stockholders' equity for 2019. (Round answer to 1 decimal place,...
Tamarisk, Inc. uses the periodic inventory system and had 150 units in beginning inventory at a...
Tamarisk, Inc. uses the periodic inventory system and had 150 units in beginning inventory at a total cost of $18,000. The company purchased 2 10 units at a total cost of $31,500. At the end of the year, Tamarisk had 70 units in ending inventory. Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round average cost per unit and final answers to decimal places, s. 1,250) FIFO LIFO Average-cost The...
Brief Exercise 5-1 Presented below are the components in determining cost of goods sold. Determine the...
Brief Exercise 5-1 Presented below are the components in determining cost of goods sold. Determine the missing amounts. Beginning Inventory Purchases Costs of Goods available for sale Ending Inventory Cost of Goods sold $84,100 $101,500 $112,000 $53,100 $116,000 $37,000 $115,000 $156,000 $30,500
Brief Exercise 5-10 Cheyenne Corp. sold goods with a total selling price of $809,500 during the year. It purchased goods for $394,100 and had beginning inventory of $68,300. A count of its ending inventory determined that goods on hand was $54,600. What was its cost of goods sold? Cost of goods sold Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT
Brief Exercise 5-8 Pharoah Company sold goods with a total selling price of $802,400 during the year. It purchased goods for $386,800 and had beginning inventory of $74,100. A count of its ending inventory determined that goods on hand was $59,400. What was its cost of goods sold? Cost of goods sold Click if you would like to Show Work for this question: Open Show Work
Sunland Company sold goods with a total selling price of $802,800 during the year. It purchased goods for $381,400 and had beginning inventory of $67,400. A count of its ending inventory determined that goods on hand was $60,600. What was its cost of goods sold? Cost of goods sold $
urrent Attempt in Progress Your answer is incorrect. Bramble Corp.sold goods with a total selling price of $801.900 during the year. It purchased goods for $391.400 and had beginning inventory of $71,100. A count of its ending inventory determined that goods on hand was $60,000. What was its cost of goods sold? Cost of goods sold $ e Textbook and Media Attempts: 1 of 10 used Submit Answer Save for Later Attempte: 1 of 20 un Send to Gradebook Type...
Brief Exercise 6-5 Calculate ending Inventory and cost of goods sold using FIFO (L06-3) During the year, Wright Company sells 490 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year Jan. 1 May. 5 Nov 3 Transaction Beginning inventory Purchase Purchase Number of U nits 4 0 270 220 Unit Cost $68 71 7 6 Total Cost $ 2,720 19,170 16, 720 $38, 610 Calculate ending inventory and cost of goods sold for...
Exercise 11-22 In 2019, Tamarisk, Inc. had net sales of $600,000 and cost of goods sold of $356,000. Operating expenses were $151,000, and interest expense was $5,000. The corporation's tax rate is 31%. The corporation declared preferred dividends of $10,500 in 2019, and its average common stockholders' equity during the year was $201,000 Prepare an income statement for Tamarisk, Inc.. Tamarisk, Inc. Income Statement Compute Tamarisk, Inc.'s return on common stockholders' equity for 2019. (Round answer to 1 decimal place,...
Tamarisk, Inc. uses the periodic inventory system and had 150 units in beginning inventory at a total cost of $18,000. The company purchased 2 10 units at a total cost of $31,500. At the end of the year, Tamarisk had 70 units in ending inventory. Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round average cost per unit and final answers to decimal places, s. 1,250) FIFO LIFO Average-cost The...
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