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1. value. 10.00 points This exercise stresses the relationships between the information recorded in a periodic inventory system and the basic elements of an income

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1. value. 10.00 points This exercise stresses the relationships between the information recorded in a periodic inventory system and the basic elements of an income statement. Each of the five lines represents a separate set of information. You are to fill in the missing amounts. (Input all amounts as positive values except net loss which should be indicated with a minus sign. Omit the "$" sign in your response.) Cost of Goods Sold Ending Inventory 35,200 Net Sales 270,000 Profit or (LOS) Net Purchases 104,000 290,000 Expenses 72.000 Beginning Inventory 76,000 70,000 180,000 Gross Profit 125.200 a. b. 570,000 20,000 264.000 441,000 c. 630.000 190,000 135,000 160,000 270,000 d. 810,000 189,000 234.000 130.000 450,000 156,000 250.000 450,000 (15.000)

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