Requesting a bit of light help with my Intro to Business hw

[DeltrusDisc]

So, this is a guilty post of mine, but I'm coming up blank. This is due in about 2 hours and my head is still waking up, but my teacher didn't go over this too well. I am at a loss. Essentially, I am not a business major and had/have no interest in the class, it is just required for my degree in Network Administration and Security, it is my last gen ed towards it. Thus I am getting it out of the way, but as such, this stuff confuses the heck out of me and thus why I have no interest in opening and owning my own business, as cool as it may be.

Essentially I have to make an income statement for my "business" Working Computers, just to show I understand the idea. (I sort of do, but I just haven't a clue what to put in certain spots.) Now, I already filled out Revenues like so: (these are very generic numbers to try and make things easy.)

Net Sales:
How many  100 x Price each $25 Total $ 2500
How many  50  x Price each $100 Total $ 5000

Net sales total $7500
Other income $2500

Total Revenue $10000

Now the next part is "Cost of Goods sold (list inventory $) (minus)

First off, that title confuses me, onto the things to fill in.

Beginning Inventory   $_____
Merchandised Purchased   +$_____
Cost of Goods Available for sale   =$_____
Less: Ending Inventory    -$____
Gross Profit (Gross Margin)                    -$_____
                                                         $_____

Next up will be to list my operating (selling and general) expenses, but I think I can figure that one out and net income before/after taxes is simple math.

Thank you to anyone who can help with this, I'm going to still try and figure it out myself, I'd just rather get it right. lol I am NOT asking for you to give me the answer, I simply need to be told, "oh silly Deltrus, your beginning inventory is the products you listed (i.e. $25/100 priced items) before the additional cost you put on them, so say they are $15/65 each and multiply that by 100 and 50 as above."

If that is it then I am just making sure I have the right idea. The whole +$___ =$____ -$____ parts confuse me a good bit though, like what the hell do I put in each. x_x

[Uggorthaholy]

OK, so.

You take how much $ you had invested in your original inventory.
How much $ you spent on your additional merchandise (restocking, etc)
You add those together for the cost of goods total spent in your inventory.


The way you have it laid out is slightly confusing. Honestly, gross profit should be total revenue less your goods cost, operating cost, labor, etc.

So that layout doesn't make sense to me, but then again I'm headed to bed right now.

[DeltrusDisc]

OK, so.

You take how much $ you had invested in your original inventory.
How much $ you spent on your additional merchandise (restocking, etc)
You add those together for the cost of goods total spent in your inventory.


The way you have it laid out is slightly confusing. Honestly, gross profit should be total revenue less your goods cost, operating cost, labor, etc.

So that layout doesn't make sense to me, but then again I'm headed to bed right now.

It's bloody 7AM where you live! =S

Yeah, I can understand if the layout is confusing, nothing against him, but my teacher did say he has dyslexia, so it is perfectly understandable. That is perhaps why I am having trouble, because it is confusing. >_<

Thanks for the help via Facebook as well. lol