the answer is........... account title; cash 2600 merchandise sold 1500
The cost of the merchandise sold is not important!!! :p
cost of merchandise sold.
How do you figure out COGS from a worksheet
Net Realizable Value
COGS. An income statement figure which reflects the cost of obtaining raw materials and producing finished goods that are sold to consumers. Cost of Goods Sold = Beginning Merchandise Inventory + Net Purchases of Merchandise - Ending Merchandise Inventory.
the answer is........... account title; cash 2600 merchandise sold 1500
Freight costs are added to the cost of the merchandise. The total is typically referred to as the "landed" cost of the product.
The cost of the merchandise sold is not important!!! :p
You make 2000$ profit.
cost of merchandise sold.
How do you figure out COGS from a worksheet
LIFo
Gross Profit
gross profit (margin)
Net realizable value
MDSE is the abbreviation for merchandise. Merchandise is goods to be bought and sold.