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Exercise 8-6 Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing.
Exercise 8-6 Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing. 2016 2017 2018 Sales revenue $288,820 2$ $410,020 (13,430) Sales returns and allowances (11,060) 348,998 Net sales Beginning inventory 19,210 33,650 Ending inventory Purchases 261,470 298,835 Purchase returns and allowances (10,240) (5,040) (7,800) 12,600 Freight-in 8,110 8,410 (235,200) (293,080) Cost of goods sold Gross profit on sales 42,560 95,570 96,640
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