Question: Kappa Apparel Scenario: Merchandising COGS Calculation Data: Beginning Inventory: $150,000 Purchases: $500,000 Ending Inventory: $90,000 Sales Revenue: $800,000 Requirements: Calculate the Cost of Goods Sold

  1. Kappa Apparel

Scenario: Merchandising COGS Calculation

Data:

  • Beginning Inventory: $150,000
  • Purchases: $500,000
  • Ending Inventory: $90,000
  • Sales Revenue: $800,000

Requirements:

  1. Calculate the Cost of Goods Sold for Kappa Apparel.
  2. Determine the Gross Margin Percentage.
  3. Analyze the impact of inventory management on COGS and profitability.
  4. Discuss strategies to optimize inventory

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