Question: For each of the following, calculate the cost of goods sold and the gross profit.\table[[,Sales,\table[[Beginning],...

For each of the following, calculate the cost of goods sold and the gross profit.$\backslash$table$[[,$Sales,$\backslash$table$[[$Beginning$],[$Inventory$]],$Purchases,$\backslash$table$[[$Ending$],[$Inventory$]]],[1.,$$$125000,32000,74250,33500],[2.,$$$750585,85600,410360,88300],[3.,$$$288635,65550,110357,60548],[4.,$$$174000,33800,82640,33500],[5.,$$$255324,48500,150650,50300]]$

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3. For each of the following, calculate the cost of goods sold and the gross profit. 1. 2. 3. 4.. 5. Sales $125 000 $750 585 $288 635 $174 000 $255 324 Beginning Inventory 32 000 85 600 65 550 33 800 48 500 Purchases 74 250 410 360 1 10 357 82 640 150 650 Ending Inventory 33 500 88 300 60 548 33 500 50 300 3. For each of the following, calculate the cost of goods sold and the gross profit. 1. 2. 3. 4.. 5. Sales $125 000 $750 585 $288 635 $174 000 $255 324 Beginning Inventory 32 000 85 600 65 550 33 800 48 500 Purchases 74 250 410 360 1 10 357 82 640 150 650 Ending Inventory 33 500 88 300 60 548 33 500 50 300

Answer rating: 100% (QA)

To calculate the Cost of Goods Sold COGS and the gross profit for each scenario we can u... View the full answer