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Putter company had an 18000 beginning inventory and a 21000

Accounting inventory questions:

Putter Company had an $18,000 beginning inventory and a $21,000 ending inventory. Net sales were $200,000; purchases, $95,000; purchase returns and allowances, $6,000; and freight in, $8,000.

a) Calculate the Cost of goods sold for the period.

b) What is Putter's gross profit percentage (rounded to the nearest percentage)?

c) What is Putter's rate of inventory turnover?

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Accounting Basics: Putter company had an 18000 beginning inventory and a 21000

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Accounting Basics: Putter company had an 18000 beginning inventory and a 21000

Reference No:- TGS02525513

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