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All parts please and thank you! Wood Group, is a specialty retailer that operates stores selling clothes under various trade names Assume that you are
All parts please and thank you!
Wood Group, is a specialty retailer that operates stores selling clothes under various trade names Assume that you are employed as a stock analyst and your boss has just completed a review of Wood Group, for the first quarter of 2019. She provided you with her notes, but they are missing some information that you need. Her notes show the inventory for Wood was $2.280 million at the end of the quarter and $2,170 million at the beginning of the quarter. Net Sales for the quarter were $3,900 milion, Gross Proft was 51,420 million and Net Income was $267 million Required: Determine the cost of Goods Sold and cost of purchases for the first quarter. (Enter your answers in millions.) Cost of Goods Sold Purchases Amount million million In the year ended February 2, 2019, Reed & Kelly reported cost of goods sold (before shrinkage) or $18.0 billion February 2, 2019, inventory of $8.4 billion and ending inventory for the previous year (February 3, 2018) of $80 bilion Required: if the cost of inventory purchases was $18.9 billion, what was the cost of shrinkage during the year ended February 2, 2019? (Enter your answer in billions rounded to 1 decimal place.) Costa Shrinkage billion Step by Step Solution
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