Cases A B C DE Sales Beginning Revenue Inventory S 1,100 S 1,300 1,280 1,400 Purchases 500 $ 1,200 600 1,200 500 450 1,000 1,300 Cost of Goods Available for Sale Cost of Goods Sold S 780 600 1,050 Cost of Ending Inventory 580 700 650 Gross Profit 800 980
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- Supply the missing dollar amounts for each of the following independent cases: Cases A B C D E Sales Revenue $ 1,350 1,550 1,480 1,650 Beginning Inventory $ Purchases 750 $ 1,450 850 1,450 750 700 1,250 1,550 Cost of Goods Available for Sale Cost of Goods Sold $ 980 850 1,300 Cost of Ending Inventory 780 950 900 Gross Profit 1,050 1,180Calculate the missing information for each of the following independent cases: Cases A B C D Beginning Inventory $ Purchases 122 $ 310 260 315 755 1,020 720 Ending Cost of Inventory Goods Sold (perpetual system) 333 310 760 205 670 320 Ending Inventory (as counted) $ 475 205 255 Shrinkage 15Calculate the missing information for each of the following independent cases: Cases A B C D Beginning Inventory $ 122 310 260 315 Purchases LA Cost of Goods Sold 755 $ 1,020 720 333 310 760 Ending Inventory (perpetual system) Ending Inventory (as counted) $ 205 670 320 III 475 205 255 Shrinkage 15
- Enter the missing dollar amounts for the income statement for each of the following independent cases: Cases Sales Revenue Beginning Inventory Purchases Total Available Ending Inventory Cost of Goods Sold Gross Profit Expenses Pretax Income (Loss) AB $ 1,060 $ 300 $ 1,000 $ 1,300 $ 640 $ 660 $ 400 $ 190 $ 210 1,400 200 1,060 1,260 30 170 270 CD с 170 270 440 240 140 880 630 230 180 150 E 1,120 920 1,120 420 (140) +Merchandise purchased for resale.. • Freight In.. • Freight Out. • Purchased returns. Interest on inventory loan. What is the inventoriable cost of the purchase? Gamma Company provided the following information for the current year: .P 4,000,000 100,000 50,000 20,000 200,000 A. P4,280,000 В. Р4,030,000 С. Р4,080,000 D. P4,130,000PROBLEM 2Determine the missing elements of the Income Statement. Replace the letters with your answers.The partial income statements of five different companies are as follows: 12345 Net SalesAD250,000290,000400,000 Merchandise Inventory, 1/1/2020B50,00070,000J120,000 Net Cost of Purchases80,000EG160,000390,000 Goods Available for Sale110,000160,000HKM Merchandise Inventory, 1/1/202040,000F30,00070,000N Cost of Goods SoldC140,000230,000L380,000 Gross Profit50,00040,000I160,000O
- You are given the following data in relation to two items held in inventory. Item A Item B Select one: a. 980 O b. Purchase price 1,150 C. 850 d. 1,030 e. 1,200 800 200 1,000 Costs incurred to date 100 50 150 Estimated selling price 850 400 1,250 Selling costs 120 What is the aggregate amount at which inventories of these items should be stated in the statement of financial position? 100 220Using the FIFO method, calculate the cost of ending inventory and cost of goods sold for Carden Corporation Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold The cost of ending inventory is The cost of goods sold is Unit Quantity Cost 70 130 200 50 $ 150 S Total $3.00 $210 $7.00 $910BE5.1 (LO 1), AP The following are the components in determining cost of goods sold. Determine the missing amounts. Instructions Compute missing amounts in determining cost of goods sold. Cost of Goods Beginning Inventory Cost of Goods Purchases Ending Inventory Available for Sale Sold a. $80,000 $100,000 $120,000 b. $50,000 SI15,000 S35,000 c. S110,000 S160,000 $29,000 10 Dashboard Calendar To Do Notifications Inbox
- Which of the following items will be included in the inventory note?Itrading inventory of R58900 II trading inventory of R62490 III stationary on hand R60 IV Stationary expense A.i and ii B.ii and iv C.ii and iii D.All of the aboveDetermine the missing elements of the Income Statement. Replace the letters with your answers.The partial income statements of five different companies are as follows: 12345 Net SalesAD250,000290,000400,000 Merchandise Inventory, 1/1/2020B50,00070,000J120,000 Net Cost of Purchases80,000EG160,000390,000 Goods Available for Sale110,000160,000HKM Merchandise Inventory, 1/1/202040,000F30,00070,000N Cost of Goods SoldC140,000230,000L380,000 Gross Profit50,00040,000I160,000OSuppose the following:Beginning Inventory = 11257Ending Inventory= 12407Beginning Receivables = 6167Ending Receivables = 6879Beginning Payables = 8498Ending Payables = 8829Credit Sales = 93480Cost of Goods Sold = 72325Calculate the following (round final answers to 2 decimal places):Operating Cycle = daysCash Cycle = days