Question
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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Life Audit Journal What Is My Why
Authors: A S
1st Edition
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