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At the beginning of 2015, Calston Incorporated reports inventory of $9,000. During 2015, the company purchases additional inventory for $25,000. At the end of 2015, the cost of inventory remaining is $8,000. Calculate cost of goods sold for 2015.
136. For each company, calculate the missing amount.
Company |
Sales |
Cost of Goods Sold |
Gross Profit |
Operating Expenses |
Net Income |
|||||
Lennon |
$8,000 |
(a) |
$4,000 |
$3,000 |
$1,000 |
|||||
Harrison |
9,000 |
3,000 |
(b) |
2,000 |
4,000 |
|||||
McCartney |
8,000 |
3,000 |
5,000 |
(c) |
2,000 |
|||||
Starr |
7,000 |
3,000 |
5,000 |
3,000 |
(d) |
Jan 27 2020 View more View Less
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