question archive The data below are for Marvin Department Store
The data below are for Marvin Department Store
Subject:ManagementPrice: Bought3
The data below are for Marvin Department Store. The account balances (in thousands) are for 2013. Marketing, distribution, and customer-service costs ...... $37,000 Merchandise inventory, January 1, 2013 ........ 27,000 Utilities .................... 17,000 General and administrative costs ............ 43,000 Merchandise inventory, December 31, 2013 ........ 34,000 Purchases .................... 155,000 Miscellaneous costs .................. 4,000 Transportation in ................ 7,000 Purchase returns and allowances .......... 4,000 Purchase discounts ................. 6,000 REQUIRED Compute (a) Cost of goods purchased and (b) Cost of sales.
