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I Required information [ The following information applies to the questions displayed below. ] Nicole's Getaway Spa ( NGS ) has been so successful that
I
Required information
The following information applies to the questions displayed below.
Nicole's Getaway Spa NGS has been so successful that Nicole has decided to expand her spa by selling merchandise. She sells things such as nail polish, athome spa kits, cosmetics and aromatherapy items. Nicole uses a perpetual inventory system and is starting to realize all of the work that is created when inventory is involved in a business. The following transactions were selected from among those completed by NGS in August.
August Sold a bundle of spa services with a merchandise basket. When sold separately, the spa service part of the bundle sells for $ and the merchandise basket normally sells for $ Together, the bundle was sold to Val Amy for cash at a selling price of $total Val booked a spa treatment for August and she took the basket of goods with her. The goodshad cost NGS $
August Sold identical items of merchandise to Cosmetics R Us on account at a selling price of $total; terms The goods cost NGS $
August Cosmetics R Us returned one of the five items purchased on August The item could still be sold by NGS in the future and credit was given to the customer.
August Val Amy used one of the three spa treatments she had purchased as part of the bundle sold to her on August
August Sold two athome spa kits to Meghan Witzel for $ cash. The goods cost NGS $
August cosmetics R Us paid its remaining account balance in full.
a Calculate the Sales Revenue and Cost of Goods Sold for the transactions listed above but exclude Service Revenue for spa services
b What is Nicole's Getaway Spa's gross profit percentage excluding Service RevenueRound your answer to decimal place.
tablea Sales Revenue,a Cost of Goods Sold,b Gross Profit Percentage,
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