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3. Sales revenue Sales returns and allowances Net sales revenue Opening inventory Purchases Transportation-in Purchase returns Cost of goods available for sale Ending inventory Cost
3. Sales revenue Sales returns and allowances Net sales revenue Opening inventory Purchases Transportation-in Purchase returns Cost of goods available for sale Ending inventory Cost of sales Gross profit Expenses (operating) Pretax earnings (loss) Scenario 1 Scenario 2 Scenario 3 5,800 ?? 9,000 ?? 160 1,150 5,300 5,920 ?? 6,400 4,100 12,000 ?? 9,420 4,000 120 170 ?? 600 ?? 350 14,690 13,370 ?? 10,840 ?? 10,000 ?? 5,500 ?? 1,450 ?? ?? ?? 420 1,400 -500 0 700 Required: Supply the missing dollar amounts in each independent situation
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