Question
Newark company has provided the following information Case Sales $630,000 Credit Sales $1,530,000 Selling and Adminstrative expenses $510,000 Sales return and allowances $108,000 Gross profit
Newark company has provided the following information
Case Sales $630,000
Credit Sales $1,530,000
Selling and Adminstrative expenses $510,000
Sales return and allowances $108,000
Gross profit $1,540,000
increase in accounts recivable $73,000
bad debt expenses $51,000
sales discounts $61,000
Net income $1,030,000
How much is Newark's cost of sale????
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
4th edition
78025524, 978-0078025525
