Building Blocks of Managerial Accounting Compute Cost of Goods Sold for a merchandiser The following information is given for a retailer. Ending inventory$5,900 Website maintenance$7,700 Revenues$67,000 Freight-in$3,700 Import duties$1,300 Marketing expenses$12,000 Delivery expenses$1,500 Purchases$40,000 Beginning inventory$3,800 Use the blue shaded areas on the ENTERANSWERS tab for inputs. Requirement Compute the cost of goods sold. a. b. Check your spelling carefully and do not abbreviate. c. Saving & Submitting Solution 1 Save file to desktop. a.Create folder on desktop, and label COMPLETED EXCEL PROJECTS 2 Upload and submit your file to be graded. a.Navigate back to the activity window - screen where you downloaded the initial spreadshee b.Click Choose button under step 3; locate the file you just saved and click Open c.Click Upload button under step 3 d.Click Submit button under step 4 Viewing Results 1 Click on Results tab in MyAccountingLab 2 Click on the Assignment you were working on 3 Click on Project link; this will bring up your Score SummaryAlways use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab or if you type the numbers in, you will be marked wrong. Enter all amounts as positive values. Do not use a minus sign or parentheses for any values to be subtracted. Follow the format shown in Exhibit 2-14. For any labels that list more than one cost in one input cell, list the costs in the same order as in the exhibit.
4 Within Score Summary window, click on Download (upper right) to download the spreadsheet with
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