Dillard’s, Inc., operates department stores located primarily in the Southwest, Southeast, and Mid-west. In its 2013 third-quarter report, the company reported Cost of Goods Sold of $ 1.0 billion, ending inventory for the third quarter of $ 1.8 billion, and ending inventory for the previous quarter of $ 1.5 billion. Determine the amount of merchandise purchases for the third quarter.
Answer to relevant QuestionsAssume Anderson’s General Store bought, on credit, a truckload of merchandise from American Wholesaling costing $ 23,000. If the company was charged $ 650 in transportation cost by National Trucking, immediately returned ...For each of the following, indicate whether the item would be reported on the balance sheet (B/S), reported on the income statement (I/S), or not shown in the financial statements (Not) and whether it relates to a service ...The following transactions were selected from among those completed by Bear’s Retail Store: Nov. 20 Sold two items of merchandise to Cheryl Jahn, who paid the $ 400 sales price in cash. The goods cost Bear’s $ 300. 25 ...Kangaroo Jim Company reported beginning inventory of 100 units at a per unit cost of $ 25. It had the following purchase and sales transactions during the year: Jan. 14 Sold 25 units at unit sales price of $ 45 on ...Use the information in CP6-1 to complete the following requirements. Info CP6-1 a. Amalgamated sold merchandise to American Fashions at a selling price of $ 230,000. The merchandise had cost Amalgamated $ 175,000. b. Two ...
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