Ask Experts Questions for FREE Help !
Ask
    juanl's Avatar
    juanl Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Nov 3, 2013, 12:48 PM
    Determining cost of merchandise sold
    Reported revenue:$27,433 million
    Gross profit: 6,495 million
    What is the amount of cost of merchandise sold?
    rehmanvohra's Avatar
    rehmanvohra Posts: 739, Reputation: 27
    Senior Member
    		  
    #2

    Nov 3, 2013, 11:37 PM
    Sales - COGS = Gross Profit
    Now fill in the blanks
    $27,433 million - ? = 6,495 million
    COGS = 27,433 - 6,495
    = 20938
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

The cost of goods sold reflects the selling price of the merchandise sold over a peri [ 1 Answers ]

Hkj

Cost of Merchandise Sold [ 2 Answers ]

I am online right now doing homework for my Accounting 1 class. I have been given the question below. Determining cost of merchandise sold In 2005, Best Buy reported revenue of $27,433 million. Its gross profit was $6,495 million. What was the amount of Best Buy's cost of merchandise...

Cost of good sold-merchandise company [ 1 Answers ]

What does mean that cost of goods sold is a percentage of sales for a merchandise company?

Cost of Merchandise sold [ 2 Answers ]

In 2005, Best Buy reported revenue of $27,433 million. Its gross profit was $6,495 million. What was the amount of Best Buy's cost of merchandise sold? Enter the amount in millions. Please Help

Cost of Merchandise v. Cost of Good Sold [ 1 Answers ]

Is cost of goods sold the same thing as cost of merchandise sold? If not and if no additional information about where the cost of merchandise sold figure came from should it be included on an income statement? :confused:

View more questions Search