Sales RevenueCost of Goods ManufacturedBeginning Finished Goods InventoryEnding Finished Goods InventorySelling ExpensesAdministrative ExpensesWhat is the gross profit?O A. $14,300OB. $32,800OC. $23,800OD. $20,200$53,00022,0001,8003,60015,0003,500

To calculate the gross profit, we first need to calculate the cost of goods sold (COGS), then…

Answered: Sales Revenue Cost of Goods…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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What is the cost of goods sold? O A. $751,700 OB. $364,500 O C. $455,400 O D. $520,600
Sales revenue - Cost of goods sold = Gross profit - General, sales, and administrative expenses - Depreciation = Net operating income - Income tax = Net income 1 2 31.000 31.000 18.600 18.600 12.400 12.400 1.360 1.360 1.700 1.700 9.340 9.340 3.269 3.269 6.071 6.071 9 31.000 18.600 12.400 1.360 1.700 9.340 3.269 6.071 10 31.000 18.600 12.400 1.360 1.700 9.340 3.269 6.071
What is the gross profit for the year if the net revenue from by-product is treated as additional sales revenue? b. P1,230,000 c. P1,218,000 d. P1,118,000 a. P1,200,000 What is the net income for the year if the net revenue from by-product is treated as deduction from the cost of goods sold? d. P118,000 b. P230,000 a. P200,000 c. P218,000
Financial information is presented below: Operating Expenses $56000 Sales Revenue Cost of Goods Sold Gross profit would be $48000. $238000. $182000. $104000. 238000 134000
Calculate gross profit from the following? Sales OMR 10000, Cost of goods sold OMR 4000 and Return inwards OMR 2000 a.OMR 4000 b.OMR 10000 c.OMR 12000 d.OMR 6000
If the net sales 159 150 ID , beginning -1 finished goods inventory 16 500 ID „Cost of goods manufactured 121 050 ID, ending finished goods inventory *.(. .) 9000 ID , the gross profit are 60 600 90 600 30 600 If the prime cost 70 700 ID ,- 2 manufacturing overhead 12 000 ID, beginning work inproces inventory 4 000 ID ,ending work inproces inventory 6 000 ID ,the cost of goods .(. .) manufactured are 80 700 ID. O 100 700 ID. 60 700 ID.
PB5. LO 4.5 Complete the information in the cost computations shown here: Beginning Inventory $74,323 Work in Process Inventory Purchases ? Beginning inventory Materials used in production Direct labor $253,210 Materials available for use ? ? Ending inventory Materials used in production 125,900 94,425 ? Overhead applied 78,413 Manufacturing costs incurred Ending inventory ? 242,932 Cost of goods manufactured ? Finished Goods Inventory Finished goods inventory Beginning inventory Cost of goods manufactured Goods available for sale Ending inventory $333,149 309,016 ? 354,235 Cost of goods sold 287,930
Related data Scott Summers Company: Sales P4,150,200 Cost of goods manufactured 3,153,500 Ending finished goods inventory 189,700 Administrative and selling expenses 387,600 Income from operation 675,200 How much is the beginning finished goods inventory?
(1)Garcon Company | Pepper Company (2) Finished goods inventory, beginning $ 13,200 / $ 16, 750 Work in process inventory, beginning 18,000/ 22,650 Raw materials inventory, beginning 9, 800/12, 750 Rental cost on factory equipment 30, 250/26, 350 Direct labor 19, 400 / 39,400 Finished goods inventory, ending 17,300 / 16, 400 Work in process inventory, ending 26, 200/20, 400 Raw materials inventory, ending 8, 000/ 9,200 Factory utilities 14, 100/13, 750 General and administrative expenses 27, 500/53, 500 Indirect labor 12, 150 / 12, 260 Repairs-Factory equipment 4, 820/2, 350 Raw materials purchases 47,000/67,500 Selling expenses 62, 400 / 54,400 Sales 295, 320/394, 170 Cash 29, 000/24, 200 Accounts receivable, net 15,800 / 23,450
Cost of Goods Sold Beginning Inventory Add: Purchases Freight-in Direct Labor Indirect Expenses Inventory Available Less: Ending Inventory Cost of Goods Sold Gross Profit (Loss) Sales Budget Actual Sales $ 604,461.00 $ 97,400.00 Less Cost of Sales $ 91,421.57 $ 14,731.24 Net Sales $ 513,039.43 $ 82,668.76 Operating Expenses Accounting $ 53,040.00 $ 8,840.00 Advertising $ 15,000.00 $ 2,400.00 Wages $ 128,000.00 $ 21,500.00 Vehicle Expense $ 3,600.00 $ 700.00 Bank Charges $ 2,400.00 $ 400.00 Printing $ 4,800.00 $ 600.00 Insurance $ 15,600.00 $ 2,600.00 Interest Expense $ 3,600.00 $ 625.00 Taxes $ 12,000.00 $ 2,250.00 Rent $ 28,800.00 $ 4,900.00 Telephone $ 4,800.00…
If the beginning finished goods -9 inventory 90 000 ID, ending finished goods inventory 65 000 ID, overhead expenses 18 000 ID ,cost of goods manufacturing 431 00O ID ,the -: cost of goods sold is 654 000 ID. O 546 000 ID. O 456 000 ID .00 O If the sales revenue 830 000 ID, - 10 sales returns 12 000 ID , sales allowance and discount 28 000 ID -: ,the net sales is
A company reported the following: Cost of Goods Sold General, Selling, and Administrative Expenses Income Tax Expense Inventory Net Income Sales Revenue Sales Discounts Sales Returns & Allowances What is the amount of gross profit? Multiple Choice $108,360 $98,950 $121,000 $203, 200 53,120 3,920 16,500 26,080 292,000 3,040 2,640

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Sales Revenue Cost of Goods Manufactured Beginning Finished Goods Inventory Ending Finished Goods Inventory Selling Expenses Administrative Expenses What is the gross profit? OA. $14,300 OB. $32,800 $53,000 22,000 1,800 3,600 15,000 3,500