Question

Calculate the Sales Revenue and Cost of Goods Sold for the transactions listed above (but exclude Service Revenue for spa services).

Answer 1

$1,042

$712

Explanation:

According to the given situation, The calculation is shown below:-

Sales Revenue

= (148 × ($592 + $148)) × $630

= $126

Sales revenue

= $126 + $620 - $124 + $420

= $1,042

Cost of Goods Sold

= $140 + $520 - $104 + $156

= $712

Hence, the sales revenue and cost of goods sold is $1,042 and $712 respectively