es the periodic inventory system. Slink reported the following ats at May 31, 2018: e icon to review the data.) compute the following for Slink a. Cost of goods sold. b. Gross profit cost of goods sold. 4,000 Sold: Merchandis Data Table chases Purchase Merchandise Inventory, June 1, 2017 Purchase Net Purch Merchandise Inventory, May 31, 2018 Purchases : Freight lo Purchase Discounts Cost of Purc Purchase Returns and Allowances st of Goods A s: Ending Sold the company's gross profit. fit for the year ended May 31, 2018 is $ $ 18,500 26,500 86,000 4,500 5.500 Freight in Net Sales Revenue Common Stock Retained Earnings 166,000 25,000 22,000 any list or enter any number in the input fields and then continue to the next question in Accounting I Double Entry Rookkeeping BO 18.8 APO AOOG About Show Compute the following for Slink a. Cost of goods sold. b. Gross profit Slink Electric uses the periodic inventory system. Slink reported the following selected amounts at May 31, 2018 Click on the icon to review the data.) Seard 18,500 Net a. Compute the cost of goods sold. and Cost of Goods Sold: pui Beginning Merchandise Inventory frei Purchases Less: Purchase Returns and Allowances Purchase Discounts Net Purchases 86,000 5,500 4,500 4,000 Plus: Freight in Net Cost of Purchases Cost of Goods Available for Sale Loss Ending Merchandise Inventory Cost of Goods Sold Hoi c. Determine the company's gross profit. 26,500 w Hos The gross profit for the year ended May 31, 2018 is $ Choose from any list or enter any number in the input fields and then continue to the next question www.d Net Purchases in Accounting I Double Entry Rookkeeping OROBOU AS A MacBook Air # w