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During the current year, Swift Sporting Goods, Inc. had Sales of $5,656,650; Total Expenses (not including...

During the current year, Swift Sporting Goods, Inc. had Sales of $5,656,650; Total Expenses (not including Cost of Goods Sold) of $5,438,628; and Gross Profit of $2,554,390. What was Mattel’s Cost of Goods Sold for the year? ($ in thousands)

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Answer #1
Cost of Goods sold in ($ in thousands)            3,102.26
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Please find below the answer
Statement showing Computations
Particulars Amount
Sales    5,656,650.00
Less Gross Profit    2,554,390.00
Cost of Goods sold = 5,656,650 - 2,554,390    3,102,260.00
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