Complete The Following Tables:

ACC 1135 Make-Up Test Name: Score: Complete the following tables (2): Gross Profit Sales Revenue a) $3,000 b) $25,000 c) $80,000 d) ? e) ? Cost of Goods Sold 1,500 ? 16,000 ? ?REDIGERE 20,000 25,000 50,000 14,500 LLLLLL 8,500 Cost of Goods Sold $9,900 Cost per unit a) $3.00 b) $2.00 c) $5.00 d) $6.50 e) $1.75 5 Opening Inventory 500 1000 1 100 350 4000 Ending Inventory 200 500 300 Purchases of Goods 3000 000 400 700 60,000 22 22 50 2,000 Case Study Example: The City Caf Co, buys cans of drinks from a wholesaler for $2.50 each. It sells them for $4.50 each. City Caf Co started the year with 200 cans in stock (opening Inventory). It bought in 1,500 cans. At the end of the year it had 300 cans in Inventory. Questions: 1. How many cans did the business sell during the year? 2. What was the cost of goods sold? 3. What was the gross profit