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In: Accounting
Calculate the missing items in the following. Enter all numbers as positive values. Sales Sales Returns...
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Calculate the missing items in the following. Enter all numbers as positive values.
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Solutions
Expert Solution
| Sales | Sales Returns and Allowances | Net Sales | Beginning Merchandise Inventory | Net Purchases | Cost of Goods Available for Sale | Ending Merchandise Inventory | Cost of Goods Sold |
Gross Profit =Net Sales-COGS |
|
| a | $ 2,42,000.00 | $ 6,000.00 | $ 2,36,000.00 | $ 1,52,000.00 | $ 1,70,000.00 | $ 3,22,000.00 | $ 1,36,000.00 | $ 1,86,000.00 | $ 50,000.00 |
| b | $ 3,04,000.00 | $ 7,000.00 | $ 2,97,000.00 | $ 1,34,000.00 | $ 2,70,000.00 | $ 4,04,000.00 | $ 1,76,000.00 | $ 2,28,000.00 | $ 69,000.00 |
| v | $ 6,38,000.00 | $ 10,000.00 | $ 6,28,000.00 | $ 70,000.00 | $ 4,16,000.00 | $ 4,86,000.00 | $ 89,000.00 | $ 3,97,000.00 | $ 2,31,000.00 |
ekkarill92 answered 22 hours agoRelated Solutions
Calculate the missing items in the following. Enter all numbers as positive values. Sales Sales Returns...
Calculate the missing items in the following. Enter all numbers
as positive values.
Sales
Sales Returns and Allowances
Net Sales
Beginning Merchandise Inventory
Net Purchases
Cost of Goods Available for Sale
Ending Merchandise Inventory
Cost of Goods Sold
Gross Profit
a.
$242,000
$6,000
$
$152,000
$170,000
$
$136,000
$186,000
$
b.
304,000
297,000
134,000
404,000
176,000
228,000
c.
10,000
628,000
416,000
486,000
89,000
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For each of the following independent cases (1–4), compute the missing values. (Enter all amounts as...
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Case 1
Case 2
Case 3
Case 4
Beginning raw materials
$5,400
$23,000
$106,000
Raw
material purchases
54,000
11,850
42,640
Indirect
materials issued
600
1,100
1,400
2,800
Ending
raw materials
1,200
4,150
93,700
Direct
materials used
13,900
33,520
Direct
labor
32,000
122,350
Manufacturing overhead
54,000
40,250
30,080
541,730
Total
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75,600
94,600
Beginning
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48,000
36,600
101,820
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Cost
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A
B
C
D
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$10,000
$49,000
$96,000
$
Expenses
$8,000
$
$90,240
$
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$2,000
$12,250
$
$...
1. Consider the data for each of the following four independent companies. Calculate the missing values...
1. Consider the data for each of the following
four independent companies. Calculate the missing values in the
table below. For margin and ROI, enter your answers as percentages,
rounded to two decimal places. For example, the decimal value
.03827 would be entered as "3.83" percent. For turnover, enter your
answer as a decimal value rounded to two decimal places.
A
B
C
D
Revenue
$12,500
$48,000
$96,000
$
Expenses
$10,000
$
$90,240
$
Operating income
$2,500
$12,000
$
$...
Fill in the following table, supplying all the missing information. Use this information to calculate the...
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