User Account

All Pages

Calculate the cost of goods sold for the year

Assignment Help Accounting Basics
Reference no: EM132048906

Question - Cost of Goods Sold and Merchandise Available for Sale in a Merchandising Company

Dash Department Store features women's fashions. At the beginning of the year, the store had $506,300 in merchandise. Total purchases for the year were $460,100.

Required:

A. Calculate the cost of goods sold for the year, assuming that the year-end inventory was $482,300.

B. What was the total amount of merchandise available for sale during the year?

Reference no: EM132048906

Questions Cloud

How much raw material was used in september : During the month of September, the company purchased $114,000 of raw materials. How much raw material was used in September
How much is added to retained earnings : The firm has 140,000.00 common shares outstanding. If the firm pays a 20% dividend, how much is added to retained earnings?
How was your professional life affected by the stressor : How was your professional life affected by the stressor? Did you experience additional conflicts with other individuals as you endured this life trial?
What are the implications concerning arbitration : Prepare a memo articulating whether or not your company should add a new policy in all employment agreements and employee handbooks.
Calculate the cost of goods sold for the year : Dash Department Store features women's fashions. Calculate the cost of goods sold for the year, assuming that the year-end inventory was $482,300
Evaluate influence of the cultural background of children : Evaluate the influence of the cultural background of children with high-incidence exceptionalities (such as learning disabilities) on how they are approached.
Develop a risk management plan based on a project : Create the document shell using the given template or the criteria above. The section headings should be centered and should each begin at the top of a new page
What is on the balance sheet for the investment in bar : The Zero Corp. acquired 30% of the common stock of Bar Corporation for $460,000 cash, What is on the balance sheet for the Investment in Bar at year end 2015
What is the cost of goods sold : Production during the period was 690 units at $16 each. If sales were 760 units, what is the cost of goods sold (assume FIFO)?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd