AC2720 Wk1 Exercise - Problem 1 Part 1 a Montgomery Retail...

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Problem 1 Montgomery Ret Part 1 a: Schedule of Cost of For the Year Ended (in thou Purchases Add freight—in Deduct: Purchase returns and allowances Purchase discounts Cost of goods purchased Part 1 b: Montgomery Ret Schedule of Cos For the Year Ended (in thou Cost of goods available for sale Cost of goods sold Part 2: Montgomery Retail O Income Statem Year Ended Decemb (in thousand Revenues Gross margin Operating costs Beginning merchandise inventory 1/1/2014 Cost of goods purchased result from a) Ending merchandise inventory 12/31/2014 Cost of goods sold result from 1.b)
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Building depreciation Operating income Marketing and advertising costs Shipping of merchandise to customers General and administrative costs Total operating costs
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tail Outlet Stores f Goods Purchased d December 31, 2014 usands) $ 520,000.00 $ 20,000.00 $ 540,000.00 -$ 22,000.00 -$ 18,000.00 $ 500,000.00 tail Outlet Stores st of Goods Sold d December 31, 2014 usands) $ 90,000.00 $ 500,000.00 $ 590,000.00 $ 104,000.00 $ 486,000.00 Outlet Stores ment ber 31, 2014 ds) $ 640,000.00 $ 590,000.00 $ 154,000.00
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$ 48,000.00 $ 64,000.00 $ 112,000.00 $ 42,000.00
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