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Do Homework

Do Homework $-$ Ch $6$ Problems

Appendix F:$6$A: Merchandise Invent$1$

Morgan Fleming

$07/15/242$

Homework: Ch $6$ Problems

Question $6,$ SF$6-9($book$/$static$)$

HW Score: $23\mathrm{.}24\%,2\mathrm{.}56$ of $11$ points

Part $1$ of $4$

Points: $0$ of $1$

Question list

Question $1$

Question $2$

Question $3$

Question $4$

Question $5$

Question $6$

Question $7$

Question $8$

Question $9$

New York Pool Supplies' merchandise inventory data for the year ended December $31,2025,$ follow:

$($Click the icon to view the inventory data.$)$

Read the requirements.

Requirement $1.$ Assume that the ending merchandise inventory was accidentally overstated by $$1,800.$ What are the correct amounts for cost of goods sold and gross profit?

Cost of goods sold in $2025$ would be $$

Data table

$\backslash$table$[[$Net Sales Revenue,,,$$,58,000],[$Cost of Goods Sold:$],[$Beginning Merchandise Inventory,$$,4,900,,],[$Plus: Net Cost of Inventory Purchased,,$32,500,,],[$Cost of Goods Available for Sale,,$37,400,,],[$Less: Ending Merchandise Inventory,,$4,700,,],[$Cost of Goods Sold,,,,$32,700],[$Gross Profit,,,$$,25,300]]$

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