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Below are selective account balances of SAMA Company on December 31, 2020 Sales discount Purchase R&A Sales R&A Freight in Operating Expense Sales Interest Revenue
Below are selective account balances of SAMA Company on December 31, 2020 Sales discount Purchase R&A Sales R&A Freight in Operating Expense Sales Interest Revenue Loss from strike Ending Inventory Purchase Purchase discount Loss from sabotage Gain from diposal of fixed assets Beginning Inventory $12,300 3,800 4,300 2,800 17,300 85,300 2,800 3,300 7,800 27,300 2,800 3,550 2,600 14,300 Based on the data above, Net Purchase is: * $33,900 $28,300 $24,500 $20,700 None of the above Based on the data above, Cost of Goods Purchased (COGP) is: $36,700 $23,500 $21,700 $17,900 None of the above Based on the data above, Cost of Goods Available for Sale (COGAS) is: $51,000 $32,200 $37,800 $9,200 None of the above Based on the data above, Cost of Goods Sold (COGS) is: * $17,000 $30,000 $45,600 $58,800 None of the above Based on the data above, Net Sales is $101,900 $81,000 O $73,000 $68,700 None of the above Based on the data above, gross profit is O $51,700 O $43,000 O $38,700 $23,100 None of the above Based on the data above, Income from operation is: O $12,000 O $21,000 $36,800 $34,000 None of the above Based on the data above, Other revenues and gains are equal to: $200 $2,600 $2,800 $5,400 None of the above Based on the data above, Other expenses and losses are equal to: O $24,150 O$9,200 O $7,850 O $6,850 None of the above Based on the data above, Net Income is: * $9,150 $19,950 O $32,550 $35,350 None of the above
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