Question
Given the following information for aretailer, compute the cost of goods sold. LOADING...(Clickthe icon to view thedata) data: Ending inventory. . . . . .
Given the following information for aretailer, compute the cost of goods sold. LOADING...(Clickthe icon to view thedata)
data:
| Ending inventory. . . . . . . . . . . . . . . | $5,900 |
| Website maintenance. . . . . . . . . . . | $7,700 |
| Revenues. . . . . . . . . . . . . . . . . . . . | $60,000 |
| Freight-in. . . . . . . . . . . . . . . . . . . . | $3,200 |
| Import duties. . . . . . . . . . . . . . . . . . | $1,800 |
| Marketing expenses. . . . . . . . . . . . . | $9,500 |
| Delivery expenses. . . . . . . . . . . . . . | $1,400 |
| Purchases. . . . . . . . . . . . . . . . . . . | $41,000 |
| Beginning inventory. . . . . . . . . . . . . | $3,400 |
| Calculation of Cost of Goods Sold | |||
| Cost of goods sold: | |||
| Plus: | |||
| Less: | |||
| Cost of goods sold |
Choose from any list or enter any number in the input fields and then continue to the next question.
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
