What was the company cost of goods sold for the month

Assignment Help Managerial Accounting
Reference no: EM132831826

Question - Gabel Inc. is a merchandising company. Last month, the company's merchandise purchases totaled $63,000. The company's beginning merchandise inventory was $15,000, and its ending merchandise inventory was $15,000. What was the company's cost of goods sold for the month?

a. $61,000.

b. $65,000.

c. $63,000.

d. $91,000.

Reference no: EM132831826

Questions Cloud

What is the present value of growth opportunities : The company plans to reinvest 30% of its earning to generate a ROE of 15%. If cost of equity is 11% what is the present value of growth opportunities
Create parallel structure using coordinating conjunctions : Revise each of the following sentences to create parallel structure using coordinating conjunctions.
Setup a malware analysis lab : Critical analysis discussing how looking at such sandboxes you learned good practices on creating your lab - Brief description the objective and key findings
What about as a young adult in the workplace : What about as a young adult in the workplace? Are ethical values clear and universal or is there some room for debate?
What was the company cost of goods sold for the month : Gabel Inc. is a merchandising company. Last month, the company's merchandise purchases totaled $63,000. What was the company cost of goods sold for the month
What was the history in flint michigan in the 10 years : What was the history in Flint Michigan in the 10 years prior to 2014 that may have contributed to the water crisis?
Good-faith exception to exclusionary rule : Describe in detail the good-faith exception to the exclusionary rule and the reasoning and intention behind the SCOTUS's judgment.
What is emmergence of a borderless world : Search and read the essay on the "Borderless World "by Patricia Evangelista and answer the following questions:
Define the term theoretical framework : i) Why we have to write an Introduction? ii) Define the term Theoretical Framework.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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!

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