Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 4 $159,500 $125,000 cost of goods sold be

Question 4 $159,500 $125,000 Cost of Goods Sold Beginning Inventory Add: Purchases Less: Purchase Discounts...

50.1K

Verified Solution

Question

Accounting

image
image
Question 4 $159,500 $125,000 Cost of Goods Sold Beginning Inventory Add: Purchases Less: Purchase Discounts $17,000 Purchase Returns and Allowances $10,000 Net Purchases Freight-in Cost of Goods Purchased Goods Available for Sale Less: Ending Inventory Total Cost of Goods Sold $98,000 $5,000 $103,000 Based on this portion of an income statement, what is the total goods available for sale? O $115,000 O $377,500 O $262,500 O $56,500

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

Nitrogen and oxygen do not react appreciably at room temperature, as illustrated by our atmosphere. But...

Chemistry
Q

What is the difference between renewable and nonrenewable resources

Biology
Q

In an electric circuit, the current varies inversely as the resistance. The current is 40...

Basic Math
Q

Find the domain of the following functions Write the answer in interval notation Note If...

Calculus
Q

Find in terms of the constant a Limit lim h

Calculus
Q

Given use the reduced row echelon form above to solve the system f necessary parametrize...

Algebra
Q

In September, Larson Inc. sold 45,000 units of its only product for $284,000,...

Accounting
Q

Budget Performance Reports for Cost Centers Partially completed budget performance reports for Delmar Company, a...

Accounting
Q

Chapter 7: Mead Cleaning Company Graded Homework Assignment Fall 2019 Mead Cleaning Company is a...

Accounting
Q

34. Which of the following would not be considered as capital market security? A. O...

Accounting
Q

Chapter 12) Following strategy of product differentiation, exy's Limited Company high end Appliance, XT15. trzy...

Accounting
Q

Hill Country BBQ can further process 3,200 pounds of regular brisket to produce GoldStar Prime...

Accounting