Sadler Enterprises
The following information is from Filmore's 2012 accounting records.

- Refer to the information provided for Sadler Enterprises. Using the gross profit method, estimate Sadler's cost of goods sold at year-end.

Question

Sadler Enterprises 
The following information is from Filmore's 2012 accounting records.

- Refer to the information provided for Sadler Enterprises. Using the gross profit method, estimate Sadler's cost of goods sold at year-end.

Quizplus · Accepted Answer

Gross profit = Sales - Cost of goods soldCost of goods sold = Sales - Gross profitCost of goods sold = $207,800 - $96,150Cost of goods sold = $111,650

Sadler Enterprises The Following Information Is from Filmore's 2012 Accounting Records