Sandpiper Company reported the following year-end amounts: Beginning Inventory...
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Accounting
Sandpiper Company reported the following year-end amounts:
Beginning Inventory
$22,950
Net Cost of Purchases
101,200
Ending Inventory
?
Cost of Goods Sold
93,150
What is Sandpiper Company's Ending Inventory for the year?
Select one:
A. $22,950
B. $14,850
C. $31,050
D. $ 8,100
2) Using a perpetual inventory system, the buyers journal entry to record the purchase of merchandise on credit includes a:
Select one:
A. Debit to Purchases
B. Debit to Inventory
C. Debit to Freight In
D. Debit to Cost of Goods Sold
3)
In 2019, Purple Eggplant incurred cost of goods sold of $59,823 million on net sales of $76,643 million. What was Purple Eggplant's return on sales ratio for 2019? (Assume no other expenses.)
Select one:
A. 10.6%
B. 24.1%
C. 13.8%
D. 21.9%
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