Computing cost of goods sold and gross margin Following are financial figures for five companies. Solve for
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Computing cost of goods sold and gross margin Following are financial figures for five companies. Solve for the missing items a through e.
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Beginning inventory Purchases Purchase discounts Purchase returns Cost of goods available for sale Ending inventory Cost of goods sold Sales Gross profit Company Company Company Company Company 3 57.000 63,000 97,000 30,000 150,000 173,000 92,000 115,000 255,000 17,000 21,000 15,000 12,000 23,000 17,000 13,000 8,000 7,000 15,000 a 202,000 166,000 126,000 329,000 56,000 69,000 72,000 d 130,000 117,000 133,000 110,000 199.000 200,000 b 119,000 152,000 313,000 83.000 55,000 25.000 42.000 114,000
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Related Book For
College Accounting Ch 1-14
ISBN: 9781260904314
1st Edition
Authors: John Wild, Vernon Richardson, Ken Shaw
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