Sage Ltd. had the following results for the month of March. What was the cost of goods
Question:
Sage Ltd. had the following results for the month of March. What was the cost of goods manufactured
in March?
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,700,000
Opening finished goods inventory . . . . . . . . . . . . . . . . . . 30,000
Gross margin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 800,000
Ending finished goods inventory. . . . . . . . . . . . . . . . . . . . 185,000
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Anurag Mishra
- Seasoned accounting professional with over 15 years of corporate experience with MNCs like IBM, Upland Software, TASC Outsourcing, Mphasis, iGate among others.
- Versatile experience in multiple sectors including IT Services, IT Hardware, SaaS, Telecom, Healthcare, HR Staffing with extensive exposure in operational, compliance, finance, supply chain, automation, best practices, audit & compliance.
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- Extensive work experience with clients/partners in Asia, Australia, UK, Benelux & US across different time-zones ranging from PST, CET, IST & AEDT.
- Ability to handle large volumes of data (3.5 Bn $ Annual Revenue) and convert into meaningful data for actionable insights. Experience in working with senior management with reports for better decision making and analysis.
- Active participation in sales meetings/pipeline review for profitability analysis/supply chain planning and better opportunity management.
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