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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 |
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