Answered: Cost of Goods Sold is 60% of Sales,…

Cost of Goods Sold is 60% of Sales, Purchases is P20,000, Inventory ending is P5,000 higher than inventory beginning, the amount of sales is Choices; 25,000 41,667 37,500

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 6EB: Langstons purchased $3,100 of merchandise during the month, and its monthly income statement shows a...

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Cost of Goods Sold is 60% of Sales, Purchases is P20,000, Inventory ending is P5,000 higher than inventory beginning, the amount of sales is

Choices;

25,000

41,667

37,500

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