The following information was available for the year ended December 31, 2022:Net sales $ 300,000Cost of goods sold 210,000Average accounts receivable for the year 15,000Accounts receivable at year-end 18,000Average inventory for the year 60,000Inventory at year-end 70,000The inventory turnover for 2022 was:

The following information was available for the year ended December 31, 2022:Sales $ 300,000Net income 50,000Average total assets 750,000Average total stockholders' equity 500,000Turnover for the year ended December 31, 2022 was:

The following amounts were reported on the December 31, 2022, balance sheet:Retained earnings $ 140,000Buildings and equipment, net of accumulated depreciation 150,000Accounts receivable 38,000Common stock 20,000Wages payable 5,000Cash 13,000Land 60,000Accounts payable 25,000Bonds payable 90,000Merchandise inventory 24,000The current ratio at December 31, 2022 was:

Assuming the periodic inventory method is used for the current year, the following data were taken from the accounting records:Sales                                                   $900,000Sales returns and allowances              $  30,000Purchases                                            $500,000Purchase returns and allowances        $    8,000Discount received                               $    4,000Freight-in                                            $    2,000Beginning inventory                           $  90,000Ending inventory                                $130,000What was the cost of goods available for sale?

The following information was obtained from the accounting records of Letty Stores for the financial year ended 30 June 2021: RInventory (1 July 2020)100 000Sales600 000Purchases400 000Sales returns2 000Purchases returns3 000Drawings: Bank1 000Inventory (30 June 2021)120 000Additional information: 1. On 29 June 2021, the owner took inventory with a cost price of R20 000 for own use. This transaction has not yet been recorded.The entity uses the periodic inventory control system. Required:Use the information provided above to calculate the cost of sales for the year ended 30 June 2021.NB: Instructions1. Use a full stop to indicate any decimals (eg: 1000.01)2. Only show the amount, do not show the R (eg: 12141.72)3. If the total amount calculated is a loss, please enter the amount as a negative (eg: -12141.72), if the amount calculated is a profit, please enter the amount as a positive (eg: 12141.72)Answer:

A company's sales budget indicates the following sales: January: 25,000; February: 30,000; March: 35,000. Beginning inventory is 12,000 units and the company desires ending inventory of 45% of the next month's sales. Units to be produced in January will be .