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Consider the following partially completed income statements for merchandising companies and compute the missing amounts: (Click the icon to view the Income Statements.) rcl Net
Consider the following partially completed income statements for merchandising companies and compute the missing amounts: (Click the icon to view the Income Statements.) rcl Net Sales Revenue Rustic Gear Laura's Bakery 102,000 art Cost of Goods Sold: ssig Beginning Merchandise Inventory 32,000 Purchases and Freight In 52,000 Resu Cost of Goods Available for Sale 91,000 Study Ending Merchandise Inventory (1,900) (1,900) Cost of Goods Sold 63,000 Multi Gross Profit 39,000 113,000 Selling and Administrative Expenses 83,000 Chap 11,000 Operating Income Dyna Data table Net Sales Revenue Cost of Goods Sold: Laura's Rustic Gear Bakery 102,000 $ (d) Beginning Merchandise Inventory (a) 32,000 Purchases and Freight In 52,000 (e) Cost of Goods Available for Sale (b) 91,000 Ending Merchandise Inventory (1,900) (1,900) Cost of Goods Sold 63,000 (1) Gross Profit 39,000 113,000 Selling and Administrative Expenses Operating Income (c) 83,000 $ 11,000 $(g) Print Done - X
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