Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / At the beginning of 2015 Calston Incorporated reports inventory of $9,000

At the beginning of 2015 Calston Incorporated reports inventory of $9,000

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)

 
               

Feb 01 2020 View more View Less

Answer (UnSolved)

question Get Solution

Related Questions