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Construct a P/L skeleton statement in $ and % using the following departmental figures. U the grid provided below. (9 points: 1 point for each
Construct a P/L skeleton statement in $ and % using the following departmental figures. U the grid provided below. (9 points: 1 point for each cell) Gross sales.......... Customer Opening inventory (C).......... Closing inventory (C) Purchases (C)..... Freight........... $95,000 returns/allowances............ $5,000 .$36,000 ..$32,000 $36,000 Cash discounts......... Returns to vendor.... Alteration costs..... Advertising...... Rent........... Payroll.. NS COGS GM OE P/L 1) 2) 3) 4) 5) $ ..$2,500 .5% .2.5% .1% ..$10,000 ..$12,000 ..$17,000 $15,000 % 6) 7) 8) 9) 100.00%
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