Please show all work Cullumber Legler requires an estimate of the cost of goods lost by...
Carla Vista Legler requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $45,600. Purchases since January 1 were $86,400; freight-in, $4,080; purchase returns and allowances, $2,880. Sales are made at 33 1/3% above cost and totaled $141,000 to March 9. Goods costing $13,080 were left undamaged by the fire; remaining goods were destroyed. a) Compute the cost of goods destroyed. b) Compute the cost of goods destroyed, assuming...
Current Attempt in Progress Blossom Legler requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $47,880. Purchases since January 1 were $90,720; freight-in, $4,284; purchase returns and allowances, $3,024. Sales are made at 33 1/3% above cost and totaled $150,000 to March 9. Goods costing $13,734 were left undamaged by the fire; remaining goods were destroyed. (a) New attempt is in progress. Some of the new entries may...
Crane Legler requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $31,160. Purchases since January 1 were $59,040; freight-in, $2,788; purchase returns and allowances, $1,968. Sales are made at 33 1/3% above cost and totaled $87,000 to March 9. Goods costing $8,938 were left undamaged by the fire; remaining goods were destroyed. Compute the cost of goods destroyed. (Round gross profit percentage and final answer to 0 decimal...
Sheridan Legler requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $44,080. Purchases since January 1 were $83,520; freight-in, $3,944; purchase returns and allowances, $2,784. Sales are made at 33 1/3% above cost and totaled $135,000 to March 9. Goods costing $12,644 were left undamaged by the fire; remaining goods were destroyed. Compute the cost of goods destroyed. (Round gross profit percentage and final answer to 0 decimal...
Exercise 9-15 Sunland Legler requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $44,840. Purchases since January 1 were $84,960; freight-in, $4,012; purchase returns and allowances, $2,832. Sales are made at 33 1/3% above cost and totaled $138,000 to March 9. Goods costing $12,862 were left undamaged by the fire; remaining goods were destroyed. Compute the cost of goods destroyed. (Round gross profit percentage and final answer to...
Exercise 9-15 Ivanhoe Legler requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $32,680. Purchases since January 1 were $61,920; freight-in, $2,924; purchase returns and allowances, $2,064. Sales are made at 33 1/3% above cost and totaled $93,000 to March 9. Goods costing $9,374 were left undamaged by the fire; remaining goods were destroyed. Compute the cost of goods destroyed. (Round gross profit percentage and final answer to...
Exercise 9-15 Pharoah Legler requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $34,200. Purchases since January 1 were $64,800; freight-in, $3,060; purchase returns and allowances, $2,160. Sales are made at 33 1/3% above cost and totaled $99,000 to March 9. Goods costing $9,810 were left undamaged by the fire; remaining goods were destroyed. Compute the cost of goods destroyed. (Round gross profit percentage and final answer to...
Discussions Crane Legler requires an estimate of the cost of goods lost Conferences by fire on March 9. Merchandise on hand on January 1 was $31,160. Purchases since January 1 were $59,040; freight- in, $2,788; purchase returns and allowances, $1,968. Sales are made at 331/3% above cost and totaled $87,000 to Collaborations WileyPLUS Support March 9. Goods costing $8,938 were left undamaged by the fire; remaining goods were destroyed. Compute the cost of goods destroyed. (Round gross profit percentage and...
Problem 4: Gross Profit Method Tim Legler requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $38,000. Purchases since January 1 were $72,000; freight-in, $3,400; purchase returns and allowances, $2,400. Sales are made at 337% above cost and totaled $100,000 to March 9. Goods costing $10,900 were left undamaged by the fire; remaining goods were destroyed. Instructions Compute the cost of goods destroyed.
urrent Attempt in Progress Crane Legler requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $40,280. Purchases since January 1 were $76,320;freight-in, $3,604; purchase returns and allowances, $2,544. Sales are made at 33 1/3% above cost and totaled $120,000 to March 9. Goods costing $11,554 were left undamaged by the fire; remaining goods were destroyed. Compute the cost of goods destroyed. (Round gross profit percentage and final answer...