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- Thebes Company had the following information: What is the markup based on cost of goods sold? a. 50.0% b. 100.0% c. 37.5% d. 62.5%What are the total costs to account for if a companys beginning inventory had $231,432 in materials, $186,450 in conversion costs, and added direct material costs ($4,231,392), direct labor ($2,313,392), and manufacturing overhead ($1,156,696)?Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for B76 Company, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for weighted average (AVG).
- Use the first-in, first-out (FIFO) cost allocation method, with perpetual inventory updating, to calculate (a) sales revenue, (b) cost of goods sold, and c) gross margin for A75 Company, considering the following transactions.Given the following information regarding to a recent period's operations: Sales - P? Beginning finished goods inventory - P12,000 Cost of goods manufactured - P36,000 Ending finished goods inventory - P6,000 Cost of goods sold - P? Gross margin - 40% of Sales Administrative and selling expenses_P10,000 Net operating income - P? Determine the following: • cost of goods sold • cost of goods available for sale • net operating income • gross margin • salesFrom these results of operations, determine the cost of goods manufactured of XY Co.Finished goods -beg P72,000 Sales P465,000Finished goods - end P66,000 Gross margin P88,000 a. P371,000b. P377,000c. P383,000d. P459,000
- The following information is available for Concord Company: Sales Total fixed expenses Cost of goods sold Total variable expenses $301000 $51600 103200 86000 What amount would you find on Concord's CVP income statement? General 41:18 O gross profit of $197800 • contribution margin of $163400 O contribution margin of $215000 O gross profit of $163400How do I find costs of goods sold and operating expenses with the following information? Net Income (Net Loss) 70,000 Sales 890,000 Gross Profit 465,000Presented below are the components in determining cost of goods sold. Determine the missing amounts. BeginningInventory Purchases Cost of GoodsAvailable for Sale EndingInventory Cost ofgoods sold $80,000 $110,000 $enter a dollar amount (a) $enter a dollar amount (b) $120,000 $49,000 $enter a dollar amount (c) $114,000 $33,000 $enter a dollar amount (d) $enter a dollar amount (e) $100,000 $160,000 $27,000 $enter a dollar amount (f)
- Cost of goods sold :- Sales - gross profit = 1000000 - 400000 = 600000 Calculation of total expenses:- (Depreciation + advertisement exp. + Rent + salaries + commission + other exp. ) = (80000 + 60000 + 15000 + 56000 + 5000 + 7000) = 223000 Calculation of Gross profit margin:- Formula = sales - cost of goods sold = 1000000 - 600000 = 400000 Calculation of gross profit percentage margin:-Formula = (Gross profit margin / sales)*100 = (400000 / 1000000)*100 = 40% Calculation of net profit margin:- Formula = Gross profit - total expenses = 400000 - 223000 = 177000 Calculation of net profit percentage margin: - Formula = (Net profit / Net Sales)*100% = (117 000/ 1 000 000) *100 = %17.7 Calculation of Current Ratio: - Formula = Current Assets / Current Liabilities = 135 000/ 47 000 = 2.87 : 1 Calculation of Acid Test Ratio: - Formula = Liquid Assets / Current Liabilities Liquid Assets = Cash + Accounts Receivables = 100 000 + 20 000 = 120 000 Acid Test ratio = 120 000/ 47 000 = 2.55 : 1…Can you please help me find the answers to the question marks below:Todrick Company is a merchandiser that reported the following information based on 1,000 units sold:Sales $ 180,000Beginning merchandise inventory $ 12,000Purchases $ 120,000Ending merchandise inventory $ 6,000Fixed selling expense $ ?Fixed administrative expense $ 7,200Variable selling expense $ 9,000Variable administrative expense $ ?Contribution margin $ 36,000Net operating income $ 10,800presented below are the components in determining cost of goods sold. Determine the missing amounts. BeginningInventory Purchases Cost of GoodsAvailable for Sale EndingInventory Cost ofgoods sold $78,000 $98,000 $enter a dollar amount (a) $enter a dollar amount (b) $118,000 $48,000 $enter a dollar amount (c) $113,000 $33,000 $enter a dollar amount (d) $enter a dollar amount (e) $108,000 $158,000