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15.00 points This exercise stresses the relationships between the information recorded in a periodic inventory system and the basic elements of an income statement. Each
15.00 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 "S" sign in your response.) Beginning Inventory Ending Inventory 35.200 Cost of Goods Sold Profit or (LOSS) Gross Profit 135200 Purchases 104.000 280.000 Expenses 72.000 76.000 Net Sales 280,000 470,000 630,000 800.000 75.000 20.000 264.000 441.000 170.000 200,000 135,000 180,000 450.000 189.000 234,000 140,000 140 000 260.000 156,000 350.000 (15,000)
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