Reference no: EM13258071
For the month of January, Consolidated Engine Parts, Inc. had the following financial information: merchandise inventory, January 1, $322,000; merchandise inventory, January 31, $316,400; gross purchases, $243,460; purchase returns and allowances, $26,880; and freight in, $3,430.
A. What are Consolidateds' goods available for sale?
B. What is the cost of goods sold for January?
C. If net sales were $389,450, what was the gross margin for Jan?
D. If total operating expenses were $179,800, what was the net profit?
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: For the month of January, Consolidated Engine Parts, Inc. had the following financial information. What are Consolidateds' goods available for sale?
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