Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. given the following information for cybernet compa

Given the following information for Cybernet Company: Freight-in $ 400 Purchases 10,050 Sales returns 200...

70.2K

Verified Solution

Question

Accounting

Given the following information for Cybernet Company: Freight-in $ 400 Purchases 10,050 Sales returns 200 Beginning inventory 1,750 Sales 13,450 Gross profit on sales 40% Calculate ending inventory of Cybernet using the gross profit method. a. $4,250 b. $4,075 c. $4,440 d. $4,520

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The figure below shows forces and moments acting on a machine component Calculate the resultant...

Statistics
Q

Suppose X and Y are independent random variables with X = 2:8 and Y = 3:7....

Basic Math
Q

Explain how cellulose, hemicellulose and pectin organization in the cells wall affects the direction of cell...

Biology
Q

Premium Auditing Identify aspects of exposure bases used to develop premiums. A. How can exposure bases be...

Accounting
Q

10 points A 0 099 kg bouncy ball is dropped from a certain height and...

Physics
Q

Determine if the given vectors form an orthogonal set 4 1 1 3 3 3

Basic Math
Q

Several years ago, Cyclop Company issued bonds with a face value of $1,500,000 for $10,695,000....

Accounting
Q

Assume that the S & B partnership agreement gave Steely 60% and Breck 40% of...

Accounting
Q

Rowdy Hill (40% shareholder) received the following amount from Hill production Inc. this year. Salary...

Accounting
Q

Simon Companys year-end balance sheets follow. At December 31 Current Year 1 Year...

Accounting
Q

How does user security address the purpose of internal control?

Accounting
Q

Sadie Cuono started her own consulting firm, Cuono Consulting, on May 1, 2020. The trial...

Accounting