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5 Finding Missing Amounts Periodic Inventory A 20210202 15-20 minutes NIB This exercise is Not In the Book. Determine the missing amounts using formulas.
5 Finding Missing Amounts Periodic Inventory A 20210202 15-20 minutes NIB This exercise is Not In the Book. Determine the missing amounts using formulas. Pamela's Cosmetics Dean's Grocery Anderson Wholesalers Baywatch Supply Co. Sales $ 78,000 2Formula (c) 5 144,000 $ 100,000 A. Sales returns 2Formula (a) 5,000 12,000 11 Net sales 74,000 94,000 132,000 9.000 2Formula (91 B C-A-B 12 13 Beginning inventory 16,000 2Formula (d) 44,000 24,000 D 14 Purchases 88,000 100,000 2Formula (ef 85.000 E 15 Purchase returns 6,000 10,000 16 Net purchases Formula 2Formula 8,000 Formula 2Formula (h) F Formula G=E-F 17 Cost of goods available 2Fonnula 2Formula Formula Famula H-D+G 10 Ending inventory 2Fonnula (b 48.000 30.000 28,000 1 19 Cost of goods sold 64,000 72.000 2Formula ( 72.000 J=H-I 20 21 Gross profit 10,000 22,000 18.000 Formula ( K-C-J 22 23 24
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