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Exercise 8-06 Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing.
Exercise 8-06 Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing. 2019 2020 2021 Sales revenue $289,490 $ 359084 $408,710 Sales returns and allowances (11,810) (11,950) Net sales 277680 347,134 Beginning inventory 21,890 32,240 Ending inventory Purchases Purchase returns and allowances Freight-in Cost of goods sold Gross profit on sales 260,730 (7,830) 9,240 (5,030) 8,240 (232,300) 45,380 296,971 (9,930) 10,910 (292,643) 101,420 91,360
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