The following transactions were selected from the records of Evergreen Company:

July 12 Sold merchandise to Wally Butler, who paid the $940 purchase with cash. The goods cost Evergreen Company $570.
16 Sold merchandise to Claudio’s Chair Company at a selling price of $4,940 on terms 3/10, n/30. The goods cost Evergreen Company $3,470.
19 Sold merchandise to Otto’s Ottomans at a selling price of $2,970 on terms 3/10, n/30. The goods cost Evergreen Company $1,870.
23 Received cash from Claudio’s Chair Company for the amount due from Jul-16.
31 Received cash from Otto’s Ottomans for the amount due from July Jul-19.
Required:

Compute the amount of revenue to be reported for the month ended July 31. (Round your answer to 2 decimal places.)

The amount of revenue to be reported for the m/o July -31 = $8850.

Explanation:

July-12.  Account Receivable = $ 940

July-16. Account Receivable = $ 4940

July-19. Account Receivable  = $ 2970

July-23. Account Receivable =   (4940-4940)=$0 (due to cash received)

July-31. Account receivable=  (2970-2970)=$0. (due to cash received)

Sales

Sales to wally = $940

Sales to Claudio = $4940

Sales to Otto = $2970

Total sales = $8850.

Cost of goods sold

Cost of sales to wally = $570

Cost of sales to Claudio = $3470

Cost of sales to Otto =  $1870

 Total Cost of sales       $5910

Gross profit = Sales - cost of sales = 8850 - 5910 = $ 2940.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3

urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total