Reference no: EM13792302
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 Consolidator’s 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 January? (D). If total operating expenses were $179,800, what was the net profit or loss?
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What are consolidators goods available for sale
: 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,$26,8..
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: On July 1 of the current year, Melissa Co. acquired 25% of the outstanding shares of common stock of International Co. at a total cost of $700,000. The underlying equity (net assets) of the stock acquired by Melissa was only $600,000. Compute the tot..
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