The following data pertain to a recent period's operations: Sales.......................................................... ? Beginning finished goods inventory............
70.2K
Verified Solution
Link Copied!
Question
Accounting
The following data pertain to a recent period's operations:
Sales.......................................................... ?
Beginning finished goods inventory......... $12,000
Cost of goods manufactured..................... $36,000
Ending finished goods inventory.............. $6,000
Cost of goods sold.................................... ?
Gross margin............................................. 40% of Sales Administrative and selling expenses......... $10,000 Net operating income................................ ?
Net operating income was: a. $18,000 b. $10,000 c. $14,000 d. $46,000
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.