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  1. ...323,500 - ending Finished goods inventory $45,600 = cost of goods sold $337,900

    1 Answers · Business & Finance · 01/09/2013

  2. 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

    1 Answers · Business & Finance · 28/11/2010

  3. ...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...

    1 Answers · Business & Finance · 24/03/2012

  4. ...3,351,200 - Ending Inventory 690,600 = Cost Of Goods Sold 2,660,600

    2 Answers · Business & Finance · 12/11/2010

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

    3 Answers · Business & Finance · 03/10/2011

  6. 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...

    2 Answers · Business & Finance · 27/10/2008

  7. 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...

    5 Answers · Business & Finance · 17/08/2006

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

    1 Answers · Business & Finance · 03/10/2012

  9. 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...

    1 Answers · Business & Finance · 16/12/2012

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

    1 Answers · Business & Finance · 13/02/2013

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