what is the estimated cost of goods sold & the estimated gross margin

Q: What does inventories /sales ratio mean?

A: An accounting metric used to measure liquidity, solvency, efficiency etc. of a business entity is…

Q: Based on the above information, what are the number of units available for sale? and how much is the…

A: Please see Step 2 for the required information.

Q: Compare and contrast the differences and similarities between Cost of Goods Sold and Net Profit.

A: Cost of goods sold (COGS) represents the direct cost of producing the goods. These are the direct…

Q: Compute(a)the cost of goods purchased and (b) the cost of goods sold

A: Cost of Goods Purchased is the net cost of merchandise acquired. It is that situation when business…

Q: Under the gross profit method, if the gross profit rate is based on cost, the cost of sales is…

A: The gross profit method is the one wherein the amount of inventory is measured using the gross…

Q: On a multiple-step income statement, the excess of net sales over the cost of merchandise sold is…

A: Net sale is the amount of revenue that has been earned by the an entity after deducting returns and…

Q: What is Cost of Goods Sold (COGS) and how is it calculated? What is Gross Profit and how is it…

A: The income statement is prepared to record the revenues and expenses of the current period.

Q: Contrast the income statement effect of LIFO versus FIFO(on Cost of Goods Sold and Gross Profit)…

A: Last-in-First-Out (LIFO): In this method, items purchased recently are sold first. So, the value of…

Q: The formula "(Sales Revenue – Cost of Goods Sold) + Sales Revenue" produces:

A: The income statement represents the net profit or net loss of the company that is calculated by…

Q: Essay question Explain the application of AVERAGE cost flow assumption in determining .cost of goods…

A: Average cost flow assumption is a calculation companies use to assign costs to inventory goods, cost…

Q: Cost of goods sold is computed from the following equation: beginning inventory - cost of goods…

A: Gross profit = Sales - Cost of goods sold  Sales = Cost of goods sold  + Gross profit  Cost of goods…

Q: ow much is the total net revenue? ow much is the total net profit from the operation ow much is the…

A: As per rule, allowed to answer one question and post the remaining in the next submission.

Q: Throughput margin is equal to revenues minus direct materials and direct labor of the cost of goods…

A: Throughput margin = sales revenue - material cost .

Q: Cost of goods sold is also called cost of sales.

A: Cost of goods sold is the direct cost of producing those goods which are sold by the company during…

Q: Using Average - perpetual, how much is the cost of ending inventory per unit? Using Average -…

A: Under average cost method of inventory, average cost per unit of inventory is used for calculation…

Q: What's the difference between the profit margin and gross margin ratio?

A: Ratio is the arithmetic relationship between two figures. Accounting ratios shows the…

Q: 8. The difference between total sales in dollars and total cost of goods sold is called: A. net…

A: When the total cost of goods sold is subtracted from the total sales in dollar, we arrive at the…

Q: How to get or compute the gross sales

A: Gross sales is presented in income statement.

Q: Cost of Goods Sold = [ ? ]

A: COGS includes all the direct expenses that are incurred in production. Indirect expenses to…

Q: What's the difference between the cost to inventory and the cost of goods sold?

A: Cost of inventory refers to the cost of goods purchased. It is those costs which includes cost of…

Q: Compute cost of goods sold under the FIFO, LIFO, and average cost inventory costing methods.

A:

Q: Which financial statement will allow you to determine the gross margin for a ?retailer or…

A: Solution: Gross profit of a company is gross margin earned on sales before deducting operating…

Q: Gross profit is calculated as the difference between net sales revenue and​ ________.         A.…

A: Revenue- Revenue refers to the quantity of cash that a corporation actually received during the…

Q: Calculate Gross profit ratio

A: Gross Profit is the difference between Sales Revenue and Cost of Goods Sold.  Gross Profit = Sales…

Q: Please find the gross profit and cost of goods sold using this chart.

A: Gross profit means what is left to the company after deducting the expenses from the revenues which…

Q: Cost of goods sold equals to a) ® Cost of goods available for sale - ending inventory. b) © Sales +…

A: COST OF GOODS SOLD REFERS TO THE DIRECT COSTS OF PRODUCING THE GOODS SOLD BY A COMPANY .

Q: How to calculate gross margin and gross sales

A: Sales means the amount recorded in books as revenue earned by selling the goods or services. Account…

Q: How do I calculate cost of goods sold What numbers do I use to get finished goods inventory

A: Cost of Goods Sold : it the cost of goods which are sold. it is the original cost and does not…

Q: Calculate each of the following 1-Net sales -Cost of goods available for sales 3-Gross profit 4-Net…

A: Solution 1-   Net Assets= Total sales- Sales return ( return inwards)                  = 100000-…

Q: s it always higher in cost of goods sold in Weighted average compared to FIFO?

A: Inventory and cost of goods sold can be value on the basis of FIFO or LIFO basis. In LIFO , cost of…

Q: 1. What is the cost of goods available for sale? 2. What is the gross profit?

A: Cost of goods available for sale includes beginning inventory and net cost of purchases made. Gross…

Q: What is the Cost of Goods Sold for the period?

A: The cost of goods sold is calculated as beginning finished goods inventory plus cost of goods…

Q: How to calculate cost of sales

A: Introduction: Ending Inventory: The unsold inventory for the period is called Ending Inventory.…

Q: Describe how costs flow from inventory to cost of goods sold for the following methods: (a) FIFO and…

A: a.

Q: This cost includes the purchase price of goods and the related expenses incurred to prepare the…

A: Answer: cost of goods sold includes the cost that are incurred for the any goods.

Q: The gross profit rate is equal to: Choose net income divided by sales. cost of goods sold divided by…

A: Income statement is a part of financial statements of a company. It shows the company’s income and…

Q: Consider the following: Code: A = Gross profit to net sales ratio   B = Gross profit to cost of…

A:

Q: The difference between net sales and cost of goods sold is called (a) gross profit.(b) net…

A: Gross profit/margin: Difference between the sales and the cost of goods sold is called gross margin.…

Q: What does it mean that product costs fl ow through inventory on their way to the income statement?

A: Product costs: The costs incurred to acquire the merchandise, ship the stock, prepare the…

Q: i.) Determine the cost of goods sold using each of the following flow assumptions:

A:

Q: A multi- step income statement ___________. A. Seperates cost of goods sold from operating…

A: Mutli step income statement means an income statement where first gross profit is calculated by…

Q: Compute the following: a) Net sales revenue b) Cost of goods sold

A: Gross profit is the amount earned from selling the company's products or rendering services. It is…

Q: gross profit

A: We  can find cost of Good sold  by preparing Trading Account Also we can find Gross profit of the…

Q: Cost of goods sold and gross profit and net profit

A: Trading and profit and loss account            Trading account shows sales and expenses incurred in…

Q: Compute the gross margin for FIFO method and LIF0 method. FIFO: LIFO: Sales revenue Less: Cost of…

A: Sales revenue has to be calculated by multiplying units sold (785 units) to the retail rate…

Q: Calculate gross profit percentage and return on sales ratio

A: The formula to calculate the given ratios are:

Q: Which of the following statements correctly complete the sentence: "Gross Margin equals": I.…

A: Sales revenue less cost of goods  manufactured  is wrong because  as per accrual concept, equivalent…