Determine the cost of merchandise sold for march

Assignment Help Financial Accounting

Reference no: EM1376227

Cost of Merchandise Sold

Based on the subsequent data, determine the cost of merchandise sold for March:
Merchandise inventory, March 1 $100,000
Purchases 800,000
Merchandise inventory, March 31 90,000
Purchases returns and allowances 15,000
Purchases discounts 12,000
Freight in 8,000

Reference no: EM1376227

Questions Cloud

Preferred stock is nonparticipating and cumulative : Preferred stock is nonparticipating and cumulative and Preferred stock participates up to 12 percent of its par value and is cumulative

Seasonal economic factors and cyclical economic factors : The United States is currently recovering from its bad recession in over twenty-five years. Applying the resource provided in this and earlier modules of course describe what factors or activities you think helped cause this economic condition.

Classified as being beneficial in future capitalized : Using financial statements from a company of your choice, categorize the expenditures on operational assets of the company based on whether they give future benefits.

What would your export response to coca-cola : How would concepts of utility, income, and substitution impact your purchases based on the rise in cost of carbonated beverages?

Determine the cost of merchandise sold for march : Cost of Merchandise Sold - Based on the subsequent data, determine the cost of merchandise sold for March:

Find finch''s dpgr per unit : Finch supplies remaining components and assemble the final product at a cost $340. Finch's marketing, packaging, and shipping expenses total $40 per unit. Each unit is sold for $2,800.

Calculate monthly returns and average monthly returns : Choose two firms from different industrial sectors, e.g. high tech computers, health, customer non durables, cyclical etc.

Filed for bankruptcy : In late 1990s more than twenty-five domestic steel firms have filed for bankruptcy. A combination of low values with strong competition through foreign competitors and so-called legacy expenses of unions are cited as the primary reason why so many s..

Increases in real gdp per capita : Economic growth, as examined through raise in real GDP per capita, is a target for most countries. This is often interpreted as an raise in economic welfare for citizens.

User Account

All Pages