If Flounder Plastics has a Gross Margin of $69,400, Finished Goods Inventory (beginning) of $29,500,...

70.2K

Verified Solution

Question

Accounting

If Flounder Plastics has a Gross Margin of $69,400, Finished Goods Inventory (beginning) of $29,500, Sales Revenues of $213,500, Operating Expenses of $53,200, and Finished Goods Inventory (ending) of $39,200. What is Flounder Plastics Cost of Goods Sold?

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