How much is the Net Purchases?

2 How much is the changes in Inventory?

3. How much is the Cost of Goods Sold?

4 How much is the Total Selling Expenses?

 5 How much is the Total General and Administrative Expenses?

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Hereunder are the nominal or temporary accounts of Lydia Merchandising on December 31, 2019. Sales Interest Income Gains Inventory, Beginning Purchases Freight in Purchase Returns and Allowances Purchase Discounts Freight Out Sales Commission Advertising Expenses Salaries Expenses Rent Expenses Depreciation Expense Utilities Expenses Supplies Expense Transportation and Travel Expenses Insurance Taxes and Licenses Interest Expense Miscellaneous Expenses Loss on Sale of Equipment P 75.000.00 480,000.00 9,000 00 32,000.00 60,000.00 30,000.00 320,000.00 36,000.00 50,000.00 30,000.00 12,000.00 10,000.00 12,000.00 48,000.00 5,000.00 P 1,800.000.00 40,000 00 12,000.00 12,000 00 6,000 00 12,000 00 9,000.00 Additional information: 1. Ending inventory is P90,000.00 2. One-fourth of the salaries, rent and depreciation are attributable to the non-sales department. The Sales Department does not share in the other expenses. Hereunder are the nominal or temporary accounts of Lydia Merchandising on December 31, 2019. Sales Interest Income Gains Inventory, Beginning Purchases Freight in Purchase Returns and Allowances Purchase Discounts Freight Out Sales Commission Advertising Expenses Salaries Expenses Rent Expenses Depreciation Expense Utilities Expenses Supplies Expense Transportation and Travel Expenses Insurance Taxes and Licenses Interest Expense Miscellaneous Expenses Loss on Sale of Equipment P 75.000.00 480,000.00 9,000 00 32,000.00 60,000.00 30,000.00 320,000.00 36,000.00 50,000.00 30,000.00 12,000.00 10,000.00 12,000.00 48,000.00 5,000.00 P 1,800.000.00 40,000 00 12,000.00 12,000 00 6,000 00 12,000 00 9,000.00 Additional information: 1. Ending inventory is P90,000.00 2. One-fourth of the salaries, rent and depreciation are attributable to the non-sales department. The Sales Department does not share in the other expenses.

Answer rating: 100% (QA)

To determine the required values lets organize the given information and perform the necessary calculations 1 Organizing the given information Nominal ... View the full answer