What would be the ending inventory

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Questions -

A) What is the cost of goods sold in a periodic inventory system if the Beginning Inventory is $70, the Net Purchases are $200, and the ending inventory is $40.

B) Determine the Gross Profit in the following situation: Beginning Inventory (150 units @ $10 each); Sales (120 units @ $15 each and 150 units @ $16 each); Purchases (200 units @ $11 each and 130 units @ $12 each); and Ending Inventory contains 210 units totaling $2,440?

C) What is the unit cost of merchandise in the following situation: Invoice Cost $2,000; Discount (10% of Invoice Cost); Custom and Excise Tax $150; Freight Charge $200; and Shipping Insurance $80?

D) In a Perpetual Inventory System, what would be the ending inventory if Beginning Inventory was $30, Purchases were $70 and Cost of Goods Sold was $25?

Reference no: EM132969378

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