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Operating data for Marigold Corp. are presented below. 2022 2021 Sales revenue $837,800 $621,700 Cost of...
Operating data for Blue Spruce Corp. are presented below. 2022 2021 Sales revenue Cost of goods...
Operating data for Blue Spruce Corp. are presented below. 2022 2021 Sales revenue Cost of goods sold Selling expenses $834.000 $623,500 530,700 409,600 129,000 76,200 79,600 51.000 33,500 26,800 61,200 59,900 Administrative expenses Income tax expense Net income Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) BLUE SPRUCE CORP. Condensed Income Statement 2022 2021 Amount Percent Amount Percent Sales $834,000 % $623.500 Cost of goods sold 530,700 % 409,600...
Operating data for Bridgeport Corp. are presented below. 2022 2021 Sales revenue $826,200 $641,300 Cost of...
Operating data for Bridgeport Corp. are presented below. 2022 2021 Sales revenue $826,200 $641,300 Cost of goods sold 523,300 414,500 Selling expenses 121,800 78,500 Administrative expenses 77,100 51,300 Income tax expense 36,600 25,700 Net income 67,400 71,300 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) BRIDGEPORT CORP. Condensed Income Statement choose the accouning periodFor the Month Ended December 31For the Years Ended December 31December 31 For the Years Ended...
Exercise 13-04 Operating data for Sheffield Corp. are presented below. Sales revenue Cost of goods sold...
Exercise 13-04 Operating data for Sheffield Corp. are presented below. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2022 $839,100 522,400 121,700 76,200 34,200 84,600 2021 $649,000 410,700 76,300 54,000 24,400 83,600 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) SHEFFIELD CORP. Condensed Income Statement 2022 Percent 2021 Percent Amount Amount $649,000 Sales $839,100 % Cost of goods sold 522,400 % 410,700...
thank you!! Operating data for Martinez Corp are presanted balow ort 2022 2021 Sales revenue $842,600...
thank you!!
Operating data for Martinez Corp are presanted balow ort 2022 2021 Sales revenue $842,600 $639,100 Cost of goods sold 529,000 410,400 Selling expanses 123,900 76,300 Administrative expenses 73,000 52,400 Income tax exopanse 37,700 23,100 Net income 79,000 76,900 Prapare a schadule showing a vertical analysis for 2022 and 2021 (Round parentages to 1 decimal placa, ag 121K) MARTINEZ CORP Condensed Income Statement 2022 2021 Amount Percent Amount Percent Sales $842 600 $639 100 Cost of goods sold 529,000...
Operating data for Whispering Winds Corp. are presented below. 2017 2016 $843,200 $649,500 Sales revenue Cost...
Operating data for Whispering Winds Corp. are presented below. 2017 2016 $843,200 $649,500 Sales revenue Cost of goods sold 530,500 410,300 Selling expenses 124,100 73,600 Administrative expenses 77,200 53,900 Income tax expense 38,900 24,600 Net income 72,500 87,100 Prepare a schedule showing a vertical analysis for 2017 and 2016. (Round percentages to 1 decimal place, e.g. 12.1%) WHISPERING WINDS CORP. Condensed Income Statement 2017 2016 Amount Percent Amount Percent Sales $843,200 $649,500 Cost of goods sold 530,500 410,300 239,200 Gross...
Exercise 13-04 (Video) Operating data for Riverbed Corp are presented below. Sales revenue Cost of goods...
Exercise 13-04 (Video) Operating data for Riverbed Corp are presented below. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2020 $880,000 618,640 126,720 61,600 30,800 42,240 2019 $540,000 336,420 64,800 39,420 22,680 76,680 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round percentages to 1 decimal place, e.g. 12.1%.) RIVERBED CORP Condensed Income Statement For the Years Ended December 31 V 2020 2019 Amount Percent Amount Percent Sales $880,000 %...
Question 1 of 7 -/31 View Policies Current Attempt in Progress Operating data for Sheffield Corp....
Question 1 of 7 -/31 View Policies Current Attempt in Progress Operating data for Sheffield Corp. are presented below. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2022 2021 $839,100 $649,000 522,400 410,700 121,700 76,300 76,200 54,000 34,200 24,400 84,600 83,600 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, eg. 12.1%.) SHEFFIELD CORP Condensed Income Statement 2022 Percent 2021 Percent Amount Amount % $649.000...
Exercise 13-4 Operating data for Swifty Corporation are presented below. 2017 2016 Sales revenue $830,700 529,000...
Exercise 13-4 Operating data for Swifty Corporation are presented below. 2017 2016 Sales revenue $830,700 529,000 124,700 78,800 33,500 64,700 $634,900 415,000 73,600 53,900 23,400 69,000 Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income Prepare a schedule showing a vertical analysis for 2017 and 2016. (Round percentages to 1 decimal place, eg, 12.1%) SWIFTY CORPORATION Condensed Income Statement 2017 2016 Amsunt PerentAmeint Amount % $634,900 96 415,000 % 219,900 Percent Sales Cost of goods sold...
Operating data for Grouper Corp. are presented below. 2012 2016 $842800 645,500 29,300 411200 124,400 79,500...
Operating data for Grouper Corp. are presented below. 2012 2016 $842800 645,500 29,300 411200 124,400 79,500 Administrative expenses79.500 50.100 36.000 27,500 73600 77.200 Sales revenue Cost of goods sold Selling expenses Income tax expense Net income Prepare a schedule showing a vertical analysis for 2017 and 2016. (Round percentages to 1 decimal place, eg, 12.1%) GROUPER CORP For the Years Ended December 31 2017 2016 Amount $842800 529,300 313,500 124,400 79,500 203,900 109,600 36,000 $73.600 Percent Amount 100 % $645,500...
Exercise 6-16 Marigold Corp. reported cost of goods sold as follows. 2022 2021 Beginning inventory $...
Exercise 6-16
Marigold Corp. reported cost of goods sold as follows.
2022
2021
Beginning inventory
$ 29,180
$ 21,350
Cost of goods purchased
190,730
176,290
Cost of goods available for sale
219,910
197,640
Less: Ending inventory
37,500
29,180
Cost of goods sold
$182,410
$168,460
Marigold Corp. made two errors:
1.
2021 ending inventory was overstated by $1,890.
2.
2022 ending inventory was understated by $5,160.
Compute the correct cost of goods sold for each year.
2021
2022
The correct cost...
Operating data for Blue Spruce Corp. are presented below. 2022 2021 Sales revenue Cost of goods sold Selling expenses $834.000 $623,500 530,700 409,600 129,000 76,200 79,600 51.000 33,500 26,800 61,200 59,900 Administrative expenses Income tax expense Net income Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) BLUE SPRUCE CORP. Condensed Income Statement 2022 2021 Amount Percent Amount Percent Sales $834,000 % $623.500 Cost of goods sold 530,700 % 409,600...
Exercise 13-04 Operating data for Sheffield Corp. are presented below. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2022 $839,100 522,400 121,700 76,200 34,200 84,600 2021 $649,000 410,700 76,300 54,000 24,400 83,600 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) SHEFFIELD CORP. Condensed Income Statement 2022 Percent 2021 Percent Amount Amount $649,000 Sales $839,100 % Cost of goods sold 522,400 % 410,700...
thank you!!
Operating data for Martinez Corp are presanted balow ort 2022 2021 Sales revenue $842,600 $639,100 Cost of goods sold 529,000 410,400 Selling expanses 123,900 76,300 Administrative expenses 73,000 52,400 Income tax exopanse 37,700 23,100 Net income 79,000 76,900 Prapare a schadule showing a vertical analysis for 2022 and 2021 (Round parentages to 1 decimal placa, ag 121K) MARTINEZ CORP Condensed Income Statement 2022 2021 Amount Percent Amount Percent Sales $842 600 $639 100 Cost of goods sold 529,000...
Operating data for Whispering Winds Corp. are presented below. 2017 2016 $843,200 $649,500 Sales revenue Cost of goods sold 530,500 410,300 Selling expenses 124,100 73,600 Administrative expenses 77,200 53,900 Income tax expense 38,900 24,600 Net income 72,500 87,100 Prepare a schedule showing a vertical analysis for 2017 and 2016. (Round percentages to 1 decimal place, e.g. 12.1%) WHISPERING WINDS CORP. Condensed Income Statement 2017 2016 Amount Percent Amount Percent Sales $843,200 $649,500 Cost of goods sold 530,500 410,300 239,200 Gross...
Exercise 13-04 (Video) Operating data for Riverbed Corp are presented below. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2020 $880,000 618,640 126,720 61,600 30,800 42,240 2019 $540,000 336,420 64,800 39,420 22,680 76,680 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round percentages to 1 decimal place, e.g. 12.1%.) RIVERBED CORP Condensed Income Statement For the Years Ended December 31 V 2020 2019 Amount Percent Amount Percent Sales $880,000 %...
Question 1 of 7 -/31 View Policies Current Attempt in Progress Operating data for Sheffield Corp. are presented below. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2022 2021 $839,100 $649,000 522,400 410,700 121,700 76,300 76,200 54,000 34,200 24,400 84,600 83,600 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, eg. 12.1%.) SHEFFIELD CORP Condensed Income Statement 2022 Percent 2021 Percent Amount Amount % $649.000...
Exercise 13-4 Operating data for Swifty Corporation are presented below. 2017 2016 Sales revenue $830,700 529,000 124,700 78,800 33,500 64,700 $634,900 415,000 73,600 53,900 23,400 69,000 Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income Prepare a schedule showing a vertical analysis for 2017 and 2016. (Round percentages to 1 decimal place, eg, 12.1%) SWIFTY CORPORATION Condensed Income Statement 2017 2016 Amsunt PerentAmeint Amount % $634,900 96 415,000 % 219,900 Percent Sales Cost of goods sold...
Operating data for Grouper Corp. are presented below. 2012 2016 $842800 645,500 29,300 411200 124,400 79,500 Administrative expenses79.500 50.100 36.000 27,500 73600 77.200 Sales revenue Cost of goods sold Selling expenses Income tax expense Net income Prepare a schedule showing a vertical analysis for 2017 and 2016. (Round percentages to 1 decimal place, eg, 12.1%) GROUPER CORP For the Years Ended December 31 2017 2016 Amount $842800 529,300 313,500 124,400 79,500 203,900 109,600 36,000 $73.600 Percent Amount 100 % $645,500...
Exercise 6-16
Marigold Corp. reported cost of goods sold as follows.
2022
2021
Beginning inventory
$ 29,180
$ 21,350
Cost of goods purchased
190,730
176,290
Cost of goods available for sale
219,910
197,640
Less: Ending inventory
37,500
29,180
Cost of goods sold
$182,410
$168,460
Marigold Corp. made two errors:
1.
2021 ending inventory was overstated by $1,890.
2.
2022 ending inventory was understated by $5,160.
Compute the correct cost of goods sold for each year.
2021
2022
The correct cost...
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