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in 2007, best buy reported revenue of $35,934 million. its gorss profit was $8,679 million. what was the amount of of best buy's cost of merchandise sold
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∙ 15y ago
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What are the account titles of sold merchandise that cost 1500 for 2600 cash?
the answer is........... account title; cash 2600 merchandise sold 1500
FIFO method Inventory 20 units at 20 sold 10 units purchased 30 units at 21 sold 20 units purchased 10 units at 22 what is the cost of the merchandise sold?
The cost of the merchandise sold is not important!!! :p
When the perpetual inventory system is used the inventory sold is shown on the income statement as?
cost of merchandise sold.
How do you figure out cost of goods sold?
How do you figure out COGS from a worksheet
What is the best way that damaged merchandise that can be sold only at prices below cost should be valued at?
Net Realizable Value
What does is mean by cost of goods sold?
COGS. An income statement figure which reflects the cost of obtaining raw materials and producing finished goods that are sold to consumers. Cost of Goods Sold = Beginning Merchandise Inventory + Net Purchases of Merchandise - Ending Merchandise Inventory.
What are the account titles of sold merchandise that cost 1500 for 2600 cash?
the answer is........... account title; cash 2600 merchandise sold 1500
In computing the cost of merchandise sold does freight increase or decrease the cost?
Freight costs are added to the cost of the merchandise. The total is typically referred to as the "landed" cost of the product.
FIFO method Inventory 20 units at 20 sold 10 units purchased 30 units at 21 sold 20 units purchased 10 units at 22 what is the cost of the merchandise sold?
The cost of the merchandise sold is not important!!! :p
If you sold merchandise for 5000.00and your cost was 3000.00?
You make 2000$ profit.
When the perpetual inventory system is used the inventory sold is shown on the income statement as?
cost of merchandise sold.
How do you figure out cost of goods sold?
How do you figure out COGS from a worksheet
What should Damaged merchandise that can be sold only at price below cost be valued at?
LIFo
What is the term applied to the excess of net revenue from sales over the cost of merchandise sold?
Gross Profit
What is the excess of net sales over cost of merchandise sold during the period?
gross profit (margin)
How should damaged merchandise that can be sold only at prices below cost be valued at?
Net realizable value
What is abbreviation of merchandise?
MDSE is the abbreviation for merchandise. Merchandise is goods to be bought and sold.
