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[DOC File]Chapter 5
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Cost of goods sold as a percentage of sales is 60%. The desired ending inventory is 75% of next month’s sales. 57. Assuming that the Bingham Company had inventory on hand of $70,000 (at cost) on January 1, the purchases for January (at cost) would be: A) $180,000. B) $250,000. C) $263,000.
cost of sales percentage

COGS as a Percentage of Revenue Definition & Benchmarks | OpsD…
The cost of goods sold is 6 percentage points lower than the industry average, but the selling expenses and administrative expenses are 5 percentage points and 1.5 percentage points higher than the industry average. The combined impact is for net income as a percent of sales to be 2.5 percentage points better than the industry average.
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[DOC File]gar003, Chapter 3 Systems Design: Job-Order Costing
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Sales (100,000 units) P1,000,000 Cost of Goods Sold 600,000 Gross Profit P 400,000 Operating Expenses (including depreciation of P40,000) 240,000 Net Income P 160,000 Selling prices will increase by 10% and sales volume in units will decrease by 5%. The cost of goods sold as a percent of sales will increase to 62%.
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[DOC File]CHAPTER 16
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So you COST of the goods sold would be 5551 - 650 or $4901. Let's examine that cost - what does that include? Well - you sold $8000 in product - so obviously $4000 of that is the cost of the product you actually sold. The other $901 is a combination of the $400 of free products you gave to hostesses, $450 in demo and $51 in non-recovered sales tax.
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[DOC File]An explanation of the Cost of Goods sold for Mary Kay ...
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2. Cost of Goods Sold 2.1 Perform a predictive test of cost of sales by product line, division or other business segment by reference to details of units shipped and average unit costs. Investigate significant variances between the predicted and recorded amounts.
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[DOC File]COST OF SALES - 4G Accounts
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Combined cost of goods sold $1,440,000 Less: Intercompany sales (400,000) Less: Unrealized profit in beginning inventory $100,000 - ($100,000/125%) (20,000) Add: Unrealized profit in ending inventory $125,000 - ($125,000/125%) 25,000 Consolidated cost of goods sold $1,045,000 Solution E5-6. 1 a. Patti's separate income $200,000
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[DOC File]Solutions for Homework ** Accounting 311 Cost ** Winter 2009
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Feb 02, 2008 · 3) Cost of goods sold / Sales ratio = 100% - Gross profit ratio. 4) Earnings per share = Net profit after interest and tax. Number of equity shares. 5) Price earning ratio = Market price per equity share. Earning per share. 6) Pay out ratio = Dividend per equity share * 100. Earning per equity shares
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[DOC File]COST SHEET - FORMAT
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c 11. If variable cost as a percentage of sales increases, the. a. contribution margin percentage increases. b. selling price increases. c. break-even point in dollars increases. d. fixed costs decrease. b 12. Which cost is most likely to be variable for a retailer? a. Advertising. b. Cost of goods sold. c. Sales salaries. d. Rent. a 13.
cost of sales

[DOC File]gar003, Chapter 3 Systems Design: Job-Order Costing
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Cost of goods sold. Joint costs. Separable costs. Total cost of goods sold. Gross margin $2,700. 270 175 445 $2,255 $750. 90 105 195 $555 $1,040. 1,440 210 1,650 $ (610) $4,490. 1,800 490 2,290 $2,200 (b) NRV Method. Crude Oil NGL Gas Total Revenues. Cost of goods sold. Joint costs. Separable costs. Total cost of goods sold
cost of sales percentage

[DOC File]BUDGETING - CPA Diary
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The cost of goods sold was $750,000 and the ending inventory was $125,000. The inventory turnover for the year was: A) 6.0. B) 7.5. C) 6.4. D) 8.0. Level: Hard LO: 3 Ans: B. 55. Last year Jungo Company purchased $550,000 of inventory. The inventory balance at the beginning of the year was $200,000 and the cost of goods sold was $650,000.
what percentage should cogs be

Cost of goods sold percentage