The sales of Super Store for the month is P 80,756.00. Beginning inventory was P 24.435.00; and purchases of P 18,200.00.Ending inventory is amounting to P 12,500.50. The stores total expenses is P 18,780.00.Find the following:a.) Cost of goods soldb) Net profit or net loss

Formula: Cost of goods sold = Beginning inventory + Purchases - Ending inventory

Answered: he sales of Super Store for the month…

he sales of Super Store for the month is P 80,756.00. Beg Ending inventory is amounting to P 12,500.50. The stores Find the following :

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 46E

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Question

The sales of Super Store for the month is P 80,756.00. Beginning inventory was P 24.435.00; and purchases of P 18,200.00.
Ending inventory is amounting to P 12,500.50. The stores total expenses is P 18,780.00.
Find the following:
a.) Cost of goods sold
b) Net profit or net loss

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