Given:

Please note this information is used for the next three questions.

Do not use punctuation or symbols in your answers.

Opening Inventory	44540
Net Purchases	144956
Net Sales Revenue	203511
Gross Profit Margin	24%

Calculate Gross Profit (rounded to the nearest dollar - then use the rounded amount in any further calculations)

Answer:

Question 18

Calculate Cost of Goods Sold

Answer:

Calculate Closing Inventory

Answer: