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two Q please Thomas Industries reported the following: Net sales $480,000 Cost of goods sold $320,000 Operating expenses 562,000 Tax rate 40% The gross profit
two Q please Thomas Industries reported the following: Net sales $480,000 Cost of goods sold $320,000 Operating expenses 562,000 Tax rate 40% The gross profit percentage is: (Round your final answer to the nearest percentage) OA. 67% O B. 27% OC. 20% OD. 33% Given the following data, calculate cost of goods sold using the FIFO costing method. Date 1/1 2/25 5/20 8/15 10/17 12/31 Item Unit Beginning inventory 25 units at $10 per una Purchase of inventory 16 units at $13 per unit Purchase of inventory 22 units at S14 per unit Purchase of inventory 12 units at $13 per unit Purchase of inventory 9 units at $17 per unit Ending inventory 23 units O A. $1,177 O 8. $962 O C. $869 OD. 5738
two Q please
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