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E6-2 (Algo) Inferring Merchandise Purchases [LO 6-2] Castilia Corporation, is a specielty relailet that operates stores seting clothes under vaious thade names. Assume that you

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E6-2 (Algo) Inferring Merchandise Purchases [LO 6-2] Castilia Corporation, is a specielty relailet that operates stores seting clothes under vaious thade names. Assume that you ate employed as a stock analyst and your boss hat just completed a review of Castillo Corporation, for the fist quarter of 2019 . She provided you wath her notes, but they are missing some information that you neod Her notes show the itventory for. Castilo was $2,270 inillion at the end of the quarter and $2,160 milion at the beginning of the quarter. Net Sales for the quarter were $3,350 milion, Gross Profit was $1,400 million and Net Inconse was $257 millied. Required: Dotermine the Cost of Goods Sold and cost of purchases for the first quanec. (Enter your answers in milions.) E6-3 (Algo) Identifying Shrinkage and Other Missing Inventory Information [LO 6-2] Calculate the missing information for each of the following independent cases: E6-10 (Algo) Reporting Net Sales after Sales Discounts [LO 6-4] During the months of January and February, Sostare Corporation sold goods to two customers. The sequence of events was as follows: Jonuary 6 Sold goods for $76 to Wizard Incorporated with terms 2/30, n/60. The goods cost 5olitare 564. January 6 Sold goods to Spyder Corporation for 362 with terms 4/10,n/30. The goods cost Solitare 554 . January 14 collected cash for the anount due fron Wizard incorporated. February 28 collected cash for the anount due fron Spyder Corporation. Required: Compute the Net Sales Solitare would report over the two months. (Do not round intermediate calculations. Round your answer to 2 decimal places.) E6-16 (Algo) Inferring Missing Amounts Based on Income Statement Relationships [LO 6-6] Supply the missing dollar amounts for the income statement of Williamson Company for each of the foliowing independent case

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