hw 5 - 9580-1770 7810 III.gross profit total sales revenue...

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E 6-1 merchandise inventory hw-5 bal. 29500 1.no entry 2. no entry 3.shipping 25000 4.dest poin 51000 5.no entry bal. 105500 unit merchandise Inventory E6-9 Camera minolta 5 160 800 canon 7 150 1050 light meter vivtar 12 119 1428 kodak 10 115 1150 4428 P6-5a. a. 1. LIFO i) endin inventorytotal sale = 280 total inventory = 60+120+90+80 ending inventory = 60*25+10*27 1770 ii). Cost of good sold beginning inventory - ending inventory =
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Unformatted text preview: 9580-1770 7810 III.gross profit: total sales revenue - cost of gold soold= 10700 -7810 2890 IIII. Gross profit rate : gross profit / total sales revenue 0.27 2. FIFO i. 70*29 2030 II. 7550 III. 3150 IIII. 0.29 3. average cost I.total cost 9580 divided by 350 27.37 * 70 1916 II. 7664 III. 3036 IIII. 0.28...
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