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Question 2: [6 Marks) Fill in the appropriate blanks for each of the independent situations below. Company X Company Y Sales revenue (A) $ $1,080,000
Question 2: [6 Marks) Fill in the appropriate blanks for each of the independent situations below. Company X Company Y Sales revenue (A) $ $1,080,000 Beginning inventory 105,200 180,000 Net purchases 350,600 (D) Ending inventory 104,400 126,000 Cost of goods sold (B) 774,000 Gross profit 190,600 (E) Operating expenses (C) 96,000 Income before taxes 12,000 (F) 1- The amount of blank A equals? 2- The amount of blank B equals? 3- The amount of blank C equals? 4- The amount of blank D equals? 5- The amount of blank E equals? 6- The amount of blank F equals
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