Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The records of Rami co. show the following data in June 30, 2020 Date Explanation Unit Unit Cost Total Cost 1/6 Beginning inventory 60 OMR

image text in transcribed
image text in transcribed
image text in transcribed
The records of Rami co. show the following data in June 30, 2020 Date Explanation Unit Unit Cost Total Cost 1/6 Beginning inventory 60 OMR 5 10/6 Purchase 50 7 Purchase 15/6 25/6 50 8 Purchase 70 19 During the month inventory on hand at June 30 was 110 units Using the Average Method of Inventory, the cost of Goods Sold equat. Select one: a. 1177 b. 877 C. 1277 d. 977 e. 1077 11,900 Sales returns and allowances 6,000 Sales commissions Sales revenue 160,000 Income taxes 30,000 14,100 Cost of goods sold 29,000 Depreciation of office equipment Depreciation of sales equipment 17,100 13,300 Administrative Salaries expense If this information was used to prepare an income statement, Total Selling Expenses should be: Select one: a. 10,200 b. 11,900 C. 27,400 d. 29,000 e 17.100 Insurance expense 18,200 160,000 Administrative Salaries expense 16,300 Income taxes 30,000 Sales revenue Sales returns and allowances 6,000 10,200 Advertising expense Cost of goods sold Sales salaries expense 15,600 29,000 If this information was used to prepare an income statement, Total Administrative Expenses should be: Select one! a. 23,500 b. 16,300 c. 14,100 d. 34,500 e: 25,800

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

why we face Listening Challenges?

Answered: 1 week ago

Question

what is Listening in Context?

Answered: 1 week ago