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Q. No 1 (B) Consider the following data, 2002 2003 2004 Sales 290000 ? 410000 Sales Returns 11000 13000 ? Net Sales ? 347000

Q. No 1 (B) Consider the following data, 2002 2003 2004 Sales 290000 ? 410000 Sales Returns 11000 13000 ? Net Sales ? 347000 ? Beg. Inventory 20000 32000 ? Ending Inventory ? ? ? Purchases ? 260000 298000 Purchases Returns 5000 8000 10000 Transportation In 8000 9000 12000 Cost of Goods Sold 233000 ? 293000 Gross Profit on Sales Gross Margin 46000 91000 97000 ? ? ?

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