The cost of goods sold is equal to 400% of selling expenses. What is the cost of goods available for sale
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The following information is available for NomerCompany for 2021:
Freight-inPhp 30,000
Purchase returns75,000
Selling expenses150,000
Ending inventory260,000
The cost of goods sold is equal to 400% of selling expenses. What is the cost of goods available for sale?
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- The following information is available for Cooke Company for the current year: The gross margin is 40% of net sales. What is the cost of goods available for sale? a. 5840,000 b. 960,000 c. 1,200,000 d. 1,220,000The following information is available for Apollo Company for 2021: Freight-in P 30,000 Purchase returns 75,000 Selling expenses 150,000 Ending inventory 260,000 The cost of goods sold is equal to 400% of selling expenses. What is the cost of goods available for sale? O P600,000. P890,000. P860,000. O P815,000.The following information is available for HRH Company for 2019: Freight-in P 30,000 Purchase returns 75,000 Selling expenses 150,000 Ending inventory 260,000 The cost of goods sold is equal to 400% of selling expenses. What is the cost of goods available for sale?
- The following information is available from the record of Alaska Company for 2021: Beginning Inventory, P80,000 Freight-In, 25,000 Purchase Return, P80,000 Ending Inventory, P100,000 Selling Expense, 250,000 Sales Discount, 15,000 Cost of Sale, 1,500,000 The cost of goods sold is 6 times the selling expense. Question: What is the total purchases and cost of goods available for sale?Grit Company had the following for 2019: Purchase P40,000 • Purchase returns and allowances P2,000 Freight In P3,000 Beginning Inventory - 5,000 Ending Inventory - P8,000 What was the cost of goods sold ?Calculate gross profit from the following? Sales of OMR 20000, Cost of goods sold OMR 8000 and Return inwards OMR 4000. a.OMR 24000 b.OMR 20000 c.OMR 8000 d.OMR 12000
- Compute the cost of goods sold for the year 2021 with the help of the following information: Sales Purchases Wages Stock as on 01 April 2020 Stock as on 31 March 2021 Freight inwards *18,00,000 *17,00,000 16,00,000 *14,00,000 |₹ 20,00,000 15,00,000 1,00,000 3,00,000 4,00,000 1,00,0003. ABC Company provided the following data for 2021: Inventory - December 31, 2020: P3,000,000 2,800,000 7,500,000 Cost Net realizable value Cost of goods purchased Inventory - December 31, 2021: Cost 4,000,000 3,700,000 Net realizable value Any inventory write-downs are considered by ABC Company as immaterial. What amount should be reported as cost of goods sold?CAC Co. provided these information for 2020: Inventory - January 1 : P400,000; Freight in : P300,000; Purchase Returns : P900,000; Inventory - December 31 : P500,000; Selling expenses: P1,250,000; Sales Discount: P250,000. The cost of sales is six times the selling expenses. How much is the gross purchases for 2020? A. P6,500,000 B. P6,700,000 C. P8,000,000 D. P8,200,000 E. answer not given
- The following relates to a single sale of goods made by Spurs in 2023: Selling price P500,000Freight costs 5,000Terms 3/15, n/30Shipping Date December 28, 2023Date goods received by the customer January 3, 2024Date payment is received by Spurs January 5, 2024 Question:9. If the term is FOB destination, how much sales should be recorded by Spurs for the year ended December 31, 2023? a. P0b. P490,000c. P495,000d. P500,000What is the net income for the year if the net revenue from by-product is treated as deduction from the cost of goods sold? Group of answer choices d. P118,000 b. P230,000 a. P200,000 c. P218,000The cost of Product E sold for the year ended July 31,2021 is: d. P1,350,000 b. P1,440,000 c. P990,000 a. P1,470,000 The cost of ending inventory for Product D is: c. P180,000 b. PP225,000 a. P270,000 d. P540,000 The Gross Profit (Loss) of Product F is: b. P101,250 c. P1,226,250 d. P(483,750) a. P168,750