Umasa Ak Co. has the following items seen on its 2022 income statement: Office Salaries Expense...

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Umasa Ak Co. has the following items seen on its 2022 income statement: Office Salaries Expense P757,593 3,483 Legal and Auditing Expense 338,067 Office Telephone Expense 2,727 Miscellaneous and General Expense Sales Sales Returns and Allowances Purchases Purchase Returns and Allowances Freight-in Sales Salaries Expense Advertising Expense Merchandise Inventory, ending 3. How much is the cost of goods sold for the period? 4. How much is the gross profit for the period? 5. How much is the total selling expenses? 6. How much is the total administrative expenses? 7. How much is the net income during the period? 5,292 Interest Income 93,420 Interest Expense 52,650 236,250 Merchandise Inventory, beginning P162,540 6,750 3,240 6,259 675 405 192,510 Umasa Ak Co. has the following items seen on its 2022 income statement: Office Salaries Expense P757,593 3,483 Legal and Auditing Expense 338,067 Office Telephone Expense 2,727 Miscellaneous and General Expense Sales Sales Returns and Allowances Purchases Purchase Returns and Allowances Freight-in Sales Salaries Expense Advertising Expense Merchandise Inventory, ending 3. How much is the cost of goods sold for the period? 4. How much is the gross profit for the period? 5. How much is the total selling expenses? 6. How much is the total administrative expenses? 7. How much is the net income during the period? 5,292 Interest Income 93,420 Interest Expense 52,650 236,250 Merchandise Inventory, beginning P162,540 6,750 3,240 6,259 675 405 192,510

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3 Cost of Goods Sold Purchases Freightin Purchase Returns and A... View the full answer