Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a. cost of goods sold b. merchandise inventory

a. Cost of goods sold b. Merchandise inventory c. Accounts Recervable...

90.2K

Verified Solution

Question

Accounting

a. Cost of goods sold
b. Merchandise inventory
c. Accounts Recervable
d. Accounts Payable
2. Assume Juniper Natural Dyes made Net Sales Revenue of $90,000 and Cost of Goods Sold totaled $58,000. What was Juniper's gross profit percentage for this period (round your answer to the nearest whole percent.)
a.36%
b.3.4 times
c.64%
d.17%
3. Assume Nile. Com began April with 14 units of inventor that cost a total of $ During April,
Nile.com purchased and sold goods as follows:
Apr. 8 Purchase 42 Units @ $20
14 Sale
35 Units @ $40
22 Purchase 28 Units@$22
27 Sale
42 Units@$40
Under the FIFO inventory costing method and the perpetual inventor much is
Vile.com's cost of goods sold for the sale on April 14?
a. $1,106
b. $686
c. $1,400
d. $700
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students