Supply the missing income statement amounts in each of the following situa- tions: Computing inventory and cost

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Supply the missing income statement amounts in each of the following situa- tions: Computing inventory and cost of goods sold amounts in a periodic inventory system (Obj. 6) Sales Sales Discounts Net Sales Beginning Inventory Net Purchases Ending Inventory Cost of Goods Sold Gross Profit $98,300 62.400 91.500 (h)

(a) $92.800 $32,500 $66.700 $39,400

(b) $33,000 $2,100 (C) 27.450 43,000 1.800 3.000 89,700 (i)

(f) 44,900

(d) 22,900 $44,100

(e) 59,400 (g) 40,700 (j) 48.230 72,500 39.600

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Accounting

ISBN: 9780130906991

5th Edition

Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones

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