Woods $21,000 4/19 Purchase Sunset 21,800 6/7 Purchase Earth 31,200 12/16 Purchase Moon 4,000 Woods and Moon were sold during the year for a total of $35,000. Determine the firm’s a. cost of goods sold: b. beginning inventory woods: $21,000 c. Purchase moon: + $4,000 d. Cost of goods sold = $25,000 e. gross profit: f. Total for year: $35,000 g. Cost of goods sold: - $25,000 h. Total gross profit = $10,000 i. ending inventory: j. Purchase…
Words 1899 - Pages 8