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The following was drawn from the accounts of Autumn Corporation which uses the periodic inventory system. Purchases $900 Purchases Retums & Allowances $200 Transportation-In $60

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The following was drawn from the accounts of Autumn Corporation which uses the periodic inventory system. Purchases $900 Purchases Retums & Allowances $200 Transportation-In $60 Transportation-Out 530 Beginning Inventory $250 Ending Inventory $150 Which of the above amounts would not be incorporated on the schedule of Cost of Goods Sold a. Beginning inventory of $250 b. Transportation-Out of 530 S. Ending inventory of 5150 d. Transportation in of 560 The following was drawn from the accounts of Autumn Corporation which uses the periodic inventory system. Purchases $900 Purchases Returns & Allowances $200 Transportation. In $60 Transportation Out $30 Beginning Inventory S250 Ending Inventory $150 Using the above amounts, what is the amount of the Cost of Goods Available for Sale on the schedule of Cost of Goods Sold? 3. 51,010 0.5640 C. $150 $760 The following was drawn from the accounts of Autumn Corporation which uses the periodic inventory system, $900 $200 $60 Purchases Purchases Returns & Allowances Transportation-In Transportation-Out Beginning Inventory Ending Inventory $30 S250 $150 Using the above amounts what is the amount of the Cost of Goods Sold on the Schedule of Cost of Goods Sold? a $1.010 0.5890 C5150 83860 The following information was drawn from the accounts of October Sky Inc. for the current year. Operating Expenses $20,000 Sales $100,000 Sales Returns & Allowances $2.000 Cost of Goods Sold $65.000 Based on these amounts, what is the amount of net sales on October Sky's multi-step income statement? a $102.000 b.$100.000 C. 578,000 0.598.000 The following information was drawn from the accounts of October Sky Inc. for the current year. Operating Expenses Sales Sales Returns & Allowances Cost of Goods Sold $20,000 $100.000 $2.000 $65.000 Based on these amounts, what is the amount of gross margin on October Sky s multi-step Income statement? a. 515.000 b. 535.000 $33.000 d. $13.000 Operating Expenses Sales $20.000 $100.000 $2.000 $65.000 Sales Returns & Allowances Cost of Goods Sold Based on these amounts, what is the amount of net income on October 5ky s multi-step income statement? a $8,000 6. $15,000 $13.000 0.333.000

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