Cost of goods sold= Beginning Inventory + Purchases - Closing Inventory
COGS = 14000+126000-1000 = $130000
Therefore COGS for 2009 is $ 130000
The following information pertains to Bright Toy Company's operating activities for 2009. The company sells light...
Crabapples, Inc. purchases and sells boxes of dried fruit. The following information summarizes its operating activities for the year: Selling Expenses Merchandise Inventory on December 31 Merchandise Inventory on January 1 Purchases of merchandise Rent for store Sales commissions Sales revenue $10,000 32,000 46,000 82,500 12,700 7,100 168,000 What is the cost per box of dry fruits if Crabapples sold 4.000 boxes of dry fruit during the vear? (Round vour answer to the nearest cent.) O A. $42.00 O B....
Renkas Brush Company sells standard hair brushes. The following information summarizes Renkas's operating activities for 2018: BE: (Click the icon to view the information.) Requirements 1. Calculate the operating income for 2018. 2. Renkas sold 6,500 brushes in 2018. Compute the unit cost for one brush. i Data Table - X Requirement 1. Calculate the operating income for 2018. Selling and Administrative Expenses Purchases Renkas Brush Company Income Statement Year Ended December 31, 2018 44,200 71,500 130,000 Net Sales Revenue...
Root Brush Company sells standard hair brushes. The following information summarizes Root's operating activities for 2018: (Click the icon to view the information.) - X Data Table Requirements 1. Calculate the operating income for 2018. 2. Root sold 6,100 brushes in 2018. Compute the unit cost for one brush. $ Selling and Administrative Expenses 36,234 Requirement 1. Calculate the operating income for 2018. Purchases 65,880 Root Brush Company Income Statement Net Sales Revenue Merchandise Inventory, January 1, 2018 Merchandise Inventory,...
Paper Clip Company sells office supplies. The following information summarizes the company's operating activities for the year: Utilities for the store $ 9500 Sales commissions 10,500 Sales revenue 164,200 Purchases of merchandise 89,300 January 1 inventory 27,100 Rent for store 14,400 December 31 inventory 23,300 What is operating income? $36,700 = A $38,300 = B $153,700 = C $57,700 = D
Company X sells widgets. The following information summarizes the company's operating activities for the year: Beginning inventory Sales revenue Sales commissions Rent for office Utilities for the office Purchases Ending inventory $7,800 $25,000 $1,000 S2,700 S1,900 $6,800 S5,300 What is gross profit? OA. $20,300 O B. S10,100 O C. $15,700 O D. $13,800
Conway Brush Company sells standard hair brushes. The following information summarizes Conway's operating activities for 2018: (Click the icon to view the information.) Requirements 1. Calculate the operating income for 2018. 2. Conway sold 6,600 brushes in 2018. Compute the unit cost for one brush. Requirement 1. Calculate the operating income for 2018. A Data Table Conway Brush Company Income Statement Year Ended December 31, 2018 Revenue: Selling and Administrative Expenses $ Purchases 47,058 85,800 151,800 Cost of Goods Sold:...
Peters Brush Company sells standard hair brushes. The following information summarizes Peters's operating activities for 2018: E: (Click the icon to view the information.) Requirements 1. Calculate the operating income for 2018 2. Peters sold 6,300 brushes in 2018. Compute the unit cost for one brush. Requirement 1. Calculate the operating income for 2018 Peters Brush Company Income Statement Year Ended December 31, 2018 - X Revenue: Data Table Cost of Goods Sold: $ Selling and Administrative Expenses Purchases 53,550...
Walsh Company manufactures and sells one product. The following information pertains to each of the company's first two years of operations Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead $ 25 $ 16 Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses $90,000 $320,000 During its first year of operations, Walsh produced 50,000 units and sold 40,000 units. During its second year of operations, it produced 40,000 units and...
Tutty Fruity Beverage Company's operating activities for the year are listed below. Purchases $140,000 operating expenses 80,600 beginning inventory 12,400 ending inventory 18,800 sales revenue 300,900 what is the cost of goods sold for the year? A. $140,100 B. $133,700 C. $152,500 D. $80,600
The following information pertains to the January operating budget for Casey Corporation. ∙ Budgeted sales for January $200,000 and February $100,000. ∙ Collections for sales are 60% in the month of sale and 40% the next month. ∙ Gross margin is 30% of sales. ∙ Administrative costs are $10,000 each month. ∙ Beginning accounts receivable is $20,000. ∙ Beginning inventory is $14,000. ∙ Beginning accounts payable is $65,000. (All from inventory purchases.) ∙ Purchases are paid in full the following...