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INCOME STATEMENT & INVENTORY 8- ABC had Sales of 3,000 during 2022. The company purchased $1,000 of inventory during 2022 and finished the year

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INCOME STATEMENT & INVENTORY 8- ABC had Sales of 3,000 during 2022. The company purchased $1,000 of inventory during 2022 and finished the year with 200 in inventory. The Inventory balance on 1/1/2022 was 1,410. What was the company's Gross Margin for the 2022 year? (no inventory shrinkage) 9- XYZ Co. reported a Gross Margin of 2,800 in 2019 on Sales of 6,800. The company Purchased 4,000 of Inventory during 2019 and reported 100 in missing inventory. What was the ending Inventory balance in 2019 if the beginning balance was 1,000? 10- XYZ Company began 2021 with 1,000 Inventory and ended 2021 with 2,000 Inventory, The company had 6,000 in inventory purchases. The Income Statement showed a Gross Margin of 1,500 on Sales of 6,000. How much inventory went missing during 2021? BLE

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