Financial information is presented below for four different companies. Instructions Determine the missing amounts (a - i).
Question:
Financial information is presented below for four different companies.
Instructions
Determine the missing amounts (a - i). Show all computations.
Transcribed Image Text:
Baywatch CosmeticS Grocery WholesalersSupply Co. $100,000 9,000 Pamela's Dean's $78,000 $144,000 12,000 132,000 44,000 Sales Sales returns Net sales Beginning inventory Purchases Purchase returns Ending inventory Cost of goods sold Gross profit $ 5,000 94,000 74,000 16,000 88,000 6,000 24,000 85,000 100,000 10,000 48,000 72,000 22,000 8,000 30,000 28,000 72,000 64,000 10,000 18,000
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a Sales 78000 Sales returns 4000 Net sales 74000 b Beginning inventory 16000 Purchases 88000 Purchas...View the full answer
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Related Book For
Intermediate Accounting principles and analysis
ISBN: 978-0471737933
2nd Edition
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
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