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Given the following and Using the Gross Profit Method, fill in the missing numbers. Show all calculations Full Year, Last Yr. 1st 6 Mos, this
Given the following and Using the Gross Profit Method, fill in the missing numbers. Show all calculations | ||||||||||
Full Year, Last Yr. | 1st 6 Mos, this yr. | |||||||||
Sales Revenue | 852,500 | 416,100 | ||||||||
Cost of G.S.- | ||||||||||
Beg. Invent. | 31,500 | _______ | ||||||||
Purchases | 472,400 | 201,300 | ||||||||
Cost of Invent. Avail for Sale | 503,900 | _______ | ||||||||
Less cost of ending invent. | 85,000 | _______ | ||||||||
Cost of Goods Sold | 418,900 | ________ | ||||||||
Gross Margin | 433,600 | ________ | ||||||||
Oper. Expenses | 440,200 | 219,826 | ||||||||
Oper. Income/Loss | (6,600) | ________ | ||||||||
SHOW ALL WORK( SHOW CALCULATIONS FOR EACH BOX):)
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