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3. For each of the following, calculate the cost of goods sold and the gross profit. Sales Beginning Inventory Purchases Ending Inventory 1. $125

3. For each of the following, calculate the cost of goods sold and the gross profit. Sales Beginning Inventory Purchases Ending Inventory 1. $125 000 32 000 74 250 33 500 2345 2. $750 585 85 600 410 360 88 300 3. $288 635 65 550 110 357 60 548 4.. $174.000 33 800 82 640 33 500 5. $255 324 48 500 150 650 50 300

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