Tim-Legler-requires-an-estimate-of-the-cost-of-goods-lost-by-fire-on-March-9-accounting-homework-help

Identify two potential cyber attack scenarios in the 21st century and explore mitigation options.
January 14, 2021
Choose either an institutional or community LTC
January 14, 2021

Tim-Legler-requires-an-estimate-of-the-cost-of-goods-lost-by-fire-on-March-9-accounting-homework-help

Could you assist me with this (1) accounting problem and a breakdown of how the problem is completed by 5pm today 7/17/16?

Tim Legler requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $38,110. Purchases since January 1 were $92,740; freight-in, $4,400; purchase returns and allowances, $2,300. Sales are made at 33 1/3% above cost and totaled $131,400 to March 9. Goods costing $11,010 were left undamaged by the fire; remaining goods were destroyed.

(a) Compute the cost of goods destroyed.

Cost of goods destroyed 

$___________________________

(b) Compute the cost of goods destroyed, assuming that the gross profit is 33 1/3% of sales. (Round ratios for computational purposes to 5 decimal places, e.g. 78.72345% and final answer to 0 decimal places, e.g. 28,987.)

Cost of goods destroyed 

$________________________________

few seconds ago

 

Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code “Newclient” for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.


The post Tim-Legler-requires-an-estimate-of-the-cost-of-goods-lost-by-fire-on-March-9-accounting-homework-help appeared first on Nursing Writers Hub.

 

"Is this question part of your assignment? We Can Help!"

Essay Writing Service