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Part I (10 marks) Each of the following five lines represents a separate set of information in a periodic inventory system and some elements of
Part I (10 marks) Each of the following five lines represents a separate set of information in a periodic inventory system and some elements of an income statement. Compute the missing amounts. Sales Sales Net Beginning Purchases Ending Cost of Gross Return Sales Inventory Inventory Goods Profit Sold 215,800 (1) 210,000 69,000 (2) 55,500 147,000 63,000 b. 109,200 3,000 (3) 31,200 (4) 30,600 79,200 27,000 126,700 6,700 120,000 18,000 68,000 (5) 66,000 (6) d. (7) 77,000 480,000 152,000 208,000 70,400 (8) 190,400 459,000 54,000 405,000 (9) 225,000 67,500 (10) 117,000 a. c. e
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