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1. ### How to find cost of goods sold?

...323,500 - ending Finished goods inventory \$45,600 = cost of goods sold \$337,900

2. ### Cost of goods sold on a LIFO basis?

sold 68 units under LIFO => sold 30 @ 116 sold 38 @ 112 = 7736 under LIFO average cost = (10*120 + 60*112+30*116)/100 = 114 so under average cose 68 * 114 = 7752

3. ### cost of good sold question?

...at the end of the accounting period so, that's the only time the cost of goods sold can be determined. The perpetual inventory system requires the...

4. ### How do you calculate Cost of Goods Sold?

...3,351,200 - Ending Inventory 690,600 = Cost Of Goods Sold 2,660,600

5. ### What is the Cost of Goods Sold?

... Goods Inventory, End ---- \$79,000 Cost of Goods Sold --------------------------- \$657,100

6. ### the cost of goods sold is determined only at the end of the accounting period under a perpetual inventory?

The cost of goods sold is determined only at the end of the...the periodic system there is no Cost of Goods Sold account to be updated when a sale of merchandise...

7. ### With respect to the US GAAP, what would the definition of Cost of Goods Sold be?

In accounting, the cost of goods sold (also, cost of sales) describes... sales and your cost of goods sold (also known as cost of sales...

8. ### What was its cost of goods sold?

... + Purchases - Ending Inventory = Cost of Goods Sold \$70,390 + \$398,800 - \$51,990 = \$417,200 2) Gross Profit = Cost...

9. ### Accounting help needed. Can not get this question to save my life?

a. Sold goods worth \$3,475,000 on credit. The cost of these goods... \$3,150,000 cash from customers for the goods sold on credit. Dr Cash 3,150,000 Cr...

10. ### What is HP and Microsoft's cost for goods sold? 10 points for answer (and explanation)?

...of \$73,723,000.) Note though, that both companies are not just selling goods, but included in the gross revenues are also services...