Page 9 of 11 http://ezto.mhhm.mcgraw-hill.com/hm_accounting.tpx?todo=printview 8. award: 1 out of 1 point Cost of goods sold 45,488 Gross profit 4,606 Expenses 14,923 Net income (loss) $ (10,317) Worksheet Learning Objective: 05-C1 Learning Objective: 05-C4 (c) Sales $ 50,094 Cost of goods sold Merchandise inventory (beginning) 10,519 Total cost of merchandise purchases 46,988 Merchandise inventory (ending) (12,019) Cost of goods sold 45,488 Gross profit 4,606 Expenses 14,923 Net income (loss) $ (10,317) (d) Sales $ 107,640 Cost of goods sold
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This note was uploaded on 08/09/2010 for the course ACCT 1 taught by Professor Ludwig during the Spring '10 term at Los Angeles City College.