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ADMS 2500 (47)
Lecture

chap 6-11 formular.docx

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Department
Administrative Studies
Course
ADMS 2500
Professor
Brian Gaber
Semester
Summer

Description
(Opening Inventory + Net Purchases) – CofGS = Ending Inventory Net sales revenue - Gross pro=cost of good sold Ending inventory + Cost of goods sold = cost of good available for sale Beginning Inventory + Net Purchases – End Inventory + transport in = Cost of Goods Sold Beginning Inventory + net purchases + transport in= cost of goods available for sale Gross profit + transport in - Purchase Returns and Allowances - Purchases discounts = Net purchases Sales – (Sales x GP%) = CoGS Gross Profit % = Selling Price – Cost Selling Price Opening Inventory + Purchases - purchases return + transport in = Merchandise Available for Sale (MAFS) MAFS – Ending Inventory = CoG
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