Given below are account balances for Charlie Company:

Gross sales, $108,000

Sales returns and allowances, $4,000

Selling expenses, $12,000

Cost of goods sold, $46,000

Interest expense, $3,000

How much is the gross profit margin? (enter your percentage as a decimal rounded to two decimal places.Example - enter 46% as .46)

Annapolis Company's bank statement indicated an ending cash balance of $8,140. Alpha's accountant discovered that outstanding checks amounted to $665 and deposits in transit were $1,120. Additionally, the bank statement showed service charges of $35. What is the correct adjusted ending cash balance

Easton Company uses the periodic inventory system and had the following inventory & sales activity for the month of May 2019:

Date

Activity

Quantity

Unit Price

5/1

Beginning Inventory

130

$10

5/5

Purchase

160

$12

5/15

Purchase

290

$14

5/25

Purchase

350

$16

Sales were 480 units at $20.Using the FIFO method, determine the dollar value of Cost of Goods Sold for the month of May.