A: Beginning Inventory
B: Ending Inventory
C: Net Sales
D: Net Purchases
举一反三
- Budgeted purchases =beginning inventory + cost of goods sold – desired ending inventory.
- ___________ is the average number of times the inventory is sold per year. A: a. Inventory storage B: b. Cost of goods sold C: c. Cost of goods available for sale D: d. Inventory turnover
- Beginning merchandise inventory plus the net cost of purchases is the merchandise available for sale.
- Inventory turnover can be<br/>calculated by: () A: adding beginning and ending<br/>inventory; divide by two B: dividing the cost of goods<br/>sold by average inventory C: dividing average inventory<br/>by the cost of goods sold D: multiplying average<br/>inventory by 1.5
- Beginning merchandise inventory plus the net cost of purchases is the merchandise available for sale. A: 正确 B: 错误
内容
- 0
The difference between your sales and your cost of goods sold is known as your _____. A: net profit B: cost of doing business C: owner’s equity D: gross profit or gross margin
- 1
The gross profit percentage is calculated as: A: cost of goods sold divided by net sales revenue. B: net sales revenue minus gross profit on sales. C: net sales revenue minus cost of goods sold. D: gross profit divided by net sales revenue.
- 2
Gross profit for 20X3 can be calculated from: A: Purchases for 20X3, plus inventory at 31 December 20X3, less inventory at 1 January 20X3 B: Purchases for 20X3, less inventory at 31 December 20X3, plus inventory at 1 January 20X3 C: Cost of goods sold during 20X3, plus sales during 20X3 D: Net profit for 20X3, plus expenses for 20X3
- 3
When products are completed, A: Finished Goods Inventory is credited. B: Work in Process Inventory is credited. C: Cost of Goods Sold is debited. D: Work in Process Inventory is debited.
- 4
The following data come from the inventory records of Dapper Company:Net sales revenue…………$624,000Beginning inventory…………64,000Ending inventory……………...43,000Net purchases………………..400,000Based on these facts, the gross profit for Dapper Company is A: $224,000 B: $193,000 C: $150,000 D: $203,000