Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. calculate marigold outdoorss gross profit and gros

Calculate Marigold Outdoorss gross profit and gross profit margin for the month of April. (Round...

80.2K

Verified Solution

Question

Accounting

imageCalculate Marigold Outdoorss gross profit and gross profit margin for the month of April. (Round gross profit margin to 1 decimal place, e.g. 1.2 and gross profit to the nearest whole dollar, e.g. 5,275.)

Gross profit $
Gross profit margin
Date Purchases Unit cost | Total cost Cost of goods sold Qty Unit cost Total cost Qty Ending inventory Qty Unit cost Total cost 48 $ 10,080 103 $ 229 $ 23,587 Beg. Bal. $ 210 Apr. 3 48 $ 210 $ 229 $ 10,080 $ 5,954 26 77 Apr. 10 204 $ 271 $ 55,284 77 $ 229 $ 229 $ 271 $ 17,633 $ 17,633 $ 55,284 204 Apr. 17 77 176 $ 229 $ 271 $ 17,633 $ 47,696 28 Apr. 24 307 $ 294 $ 90,258 28 $ 271 $ 271 $ 294 $ 7,588 $ 7,588 $ 90,258 307 Apr. 30 28 $ 271 $ 294 $7,588 $ 47,922 $ 136,873 144 163 518 $ 294 $ 42,336 $ 42,336 Total 144

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

John Payne is the sole owner of a classic car restoration business that specializes in the...

Accounting
Q

200 words Choose one portion of the digestive system and explain its individual function and how...

Medical Sciences
Q

Two thin converging lenses of focal lengths f1 = 11.0cm and f2 = 20.0cm are separated...

Physics
Q

Assignment (1). In a city 25% of the people reads punch newspaper, 20% reads guidance. newspaper, 13%...

Basic Math
Q

Lancelet outgroup Lamprey Tuna Salamander Turtle What separates a salamander from a turtle O Jaws...

Biology
Q

During the late 1800's women achieved a feeling of self reliance and freedom due to...

Biology
Q

Verify the identity sin 0 sec 0 tan 0 Which of the following four statements...

Basic Math
Q

What is the domain of the function?f(x)=-3x (x - 1) (x - 5)(-?0,0](0,3)(1,5)(-?, ?)[0, ?)

Basic Math
Q

A large life insurance company is interested in studying the insur amount of insurance held...

Statistics
Q

After posting entries in a sales journal to the general ledger, the Accounts Receivable balance...

Accounting
Q

Please fill in numbers 1-5

Accounting
Q

The trial balance before adjustment of Pearl Inc. shows the following balances. Dr. Cr....

Accounting