Question
Alpha Ltd. provided the following information for the year ended December 31, 20X5: Beginning inventory: $15,000 Purchases during the year: $60,000 Ending inventory: $20,000 Sales
Alpha Ltd. provided the following information for the year ended December 31, 20X5:
- Beginning inventory: $15,000
- Purchases during the year: $60,000
- Ending inventory: $20,000
- Sales revenue: $100,000
- Operating expenses: $30,000
Calculate the following for Alpha Ltd.: a) Cost of goods sold b) Gross profit c) Gross profit margin
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Accounting Information Systems
Authors: Marshall B. Romney, Paul J. Steinbart
12th edition
132552620, 978-0132552622
