EXERCISE 196- Question 155

Question 134- QUESTION 132-

Brief Exercise 196 For each of the following, determine the missing amounts. Ending Inventory Beginning Goods Available for Sale Cost of Goods Sold InventoryPurchases 1. s10.000 2. Click if you would like to Show Work for this question: Qpen Show Work $25,000 4 $45,000 $40,000 $220,000 $265,000 Multiple Choice Question 155 Sheridan Company has the following account balances Purchases Sales Returns and Allowances 12300 Purchase Discounts Freight-In Delivery Expense $96800 7900 6800 11000 The cost of goods purchased for the period is $95700. $104700. $82500. $88900 Click if you would like to Show Work for this question: Open Show Work Multiple Choice Question 134 Financial information is presented below: Operating Expenses $ 62000 Sales Revenue 230000 Cost of Goods Sold 138000 The gross profit rate would be 0.133 0.400 0.600 0.733 Click if you would like to Show Work for this question: Open Show Work Multiple Choice Question 132 During 2020, Waterway Co. generated revenues of $92000. The company's expenses were as follows: cost of goods sold of $42000, operating expenses of $25000 and a loss on the sale of equipment of $3200 Waterway's net income is $21800 $25000. $42000 $92000 Click if you would like to Show Work for this question: Open Show Work