A company has net sales of $810,400 and cost of goods sold of $585,400. Its net income is $31,530. The company's gross margin and operating expenses, respectively, are: Multiple Choice O $225.000 and 193,470 O $225,000 and $257.000 5553,870 and $257,000 $257,000 and $553,870 $778,400 and $193,470 A company uses the periodic inventory system and had the following activity during the current monthly period. November 1: November 5: November 8: November 16: November 19: Beginning inventory Purchased Purchased Sold Purchased 117 Units @ $30 117 Units @ $30 67 Units @ $30 194 Units @ $130 100 Units @ $20 Using the weighted average inventory method, the company's ending inventory would be: Multiple Choice O $5,510 $4,010 $3,510 $7,520 $5,694 A company's warehouse contents were destroyed by a flood on September 12. The following information was the only information that was salvaged: 1. Inventory, beginning: $29,600 2. Purchases for the period: $18,600 3. Sales for the period: $56,600 4. Sales returns for the period: $860 The company's average gross profit ratio is 24%. What is the estimated cost of the lost inventory? Multiple Choice $48.200.00 $47,200.00. $34,822.40. $36,632.00. $5,837.60
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