Accounting > QUESTIONS & ANSWERS > Capella University - BUS 3061 Sophia Learning Unit 3 Milestone Accounting (All)

Capella University - BUS 3061 Sophia Learning Unit 3 Milestone Accounting

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Sophia Learning UNIT 3 MILESTONE -3 ACCOUNTING You passed this Milestone 1 Based on the information above, calculate the Cost of Goods Purchased.  $13,450  $9,475  $13,375  $9,... 550 CONCEPT Expanded Income Statement 2 Which one of the businesses below would be best served by the periodic inventory method?  Restaurant  Fish market  Online mass consumer goods retailer  Construction equipment dealer CONCEPT Inventory Accounting Methods 3 Nora wants to reward customers who spent a minimum of $500 at her store each month over the last six months with a bottle of wine. Where would she find this information she needs to identify these customers?  Purchases subsidiary ledger  Sales subsidiary ledger  Sales returns and allowance account  Purchases returns and allowances account CONCEPT Sales & Purchases Subsidiary Ledger 4 What is the Total Cost of Goods Sold, according to the information in this image?  $162,500  $162,850  $162,750  $163,100 CONCEPT Expanded Income Statement 5 To determine goods available for sale, what is added to the total of the beginning inventory? [Show More]

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