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Fill in the appropriate blanks for each of the independent situations below. Company A Company B $349,000 Company C $541,000 Sales revenue Beginning inventory
Fill in the appropriate blanks for each of the independent situations below. Company A Company B $349,000 Company C $541,000 Sales revenue Beginning inventory 50,000 88,500 Net purchases 191,800 259,000 Ending inventory 49,200 118,100 62,700 Cost of goods sold 422,800 Gross profit 91.900 129,300 Operating expenses 50,500 49.600 Income before taxes 22,000
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