Please do this in excel and not on paper, thanks! 146147 13148 Given the following information calculate:Value149 B. gross cost of merch sold:CostRetail150$80,000.00$38,400.00$31,200.00151opening inventory$65,000.00152gross purchases$12,000.00$30,000.00$5,760.00153154returns to vendors$14,400.00$2,000.00net transfers in.55freight56total merch handledCMU =57net sales$75,000.00 cost % =58net markdowns$12,000.00$0.00595051employee discountstotal retail deductionsclsoing book inventory2closing physical inventory$73,000.003inventory shortage4gross cost of merch sold

Cost of Goods Sold: The term "cost of goods sold" (COGS) refers to the direct expenses incurred by a…

Given the following information calculate: Value B. gross cost of merch sold: Cost Retail $80,000.00 $65,000.00 opening inventory $38,400.00 gross purchases $31,200.00 $5,760.00 $12,000.00 returns to vendors net transfers in $14,400.00 $30,000.00 freight $2,000.00 CMU = total merch handled $75,000.00 cost % = $12,000.00 net sales net markdowns employee discounts $0.00 total retail deductions clsoing book inventory closing physical inventory $73,000.00 inventory shortage gross cost of merch sold

Given the following information calculate: Value B. gross cost of merch sold: Cost Retail $80,000.00 $65,000.00 opening inventory $38,400.00 gross purchases $31,200.00 $5,760.00 $12,000.00 returns to vendors net transfers in $14,400.00 $30,000.00 freight $2,000.00 CMU = total merch handled $75,000.00 cost % = $12,000.00 net sales net markdowns employee discounts $0.00 total retail deductions clsoing book inventory closing physical inventory $73,000.00 inventory shortage gross cost of merch sold

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter7: Inventories: Cost Measurement And Flow Assumptions

Section: Chapter Questions

Problem 4C

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