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2 (10 points) For each of the 3 separate scenarios (A, B, and C) fill in the missing items: A B C Sales $50,000 $72,000

2 (10 points) For each of the 3 separate scenarios (A, B, and C) fill in the missing items:

A

B

C

Sales

$50,000

$72,000

$ ?

Cost of Goods Sold:

Beginning Inventory

20,000

31,000

26,000

+Inventory Purchases

42,000

?

73,000

= Cost of Goods Available for Sale

?

?

99,000

-Ending Inventory

( ? )

(18,000)

( ? )

=Cost of Goods Sold

30,000

46,000

67,000

Gross Profit

?

?

33,000

-Expenses

17,000

17,500

?

Net Income

?

8,500

16,000

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