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Required: If the cost of inventory purchases was $16.9 billion, what was the cost of shrinkage during 2015? E6-5 Inferring Missing Amounts Based on Income

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Required: If the cost of inventory purchases was $16.9 billion, what was the cost of shrinkage during 2015? E6-5 Inferring Missing Amounts Based on Income Statement Relationships Supply the missing dollar amounts for each of the following independent cases: LO 6-2, 6-6 Cases Sales Revenue Beginning Inventory Purchases Cost of Goods Available for Sale Cost of Goods Sold Gross Profit ? $300 A B D E $ 700 900 ? 800 1,000 $100 200 100 50 $800 800 3 600 900 Cost of Ending Inventory $> 150 300 250 ? 7 3 400 200 650 ? 2 7 2 ? 500 E6-6 Inferring Missing Amounts Based on Income Statement Relationships Supply the missing dollar amounts for each of the following independent cases LO 6-2,6-6 Sales Revenue Beginning Inventory Total Available Cost of Goods Sold Cases Purchases Gross Profit Ending Inventory $500 ? Income from Operations $? 0 A $100 $? ? $800 900 ? 800 $700 700 ? 600 Selling and General Expenses $200 150 150 250 $ ? ? 200 7 200 100 2 $ 2 ? 400 2 2 ? 7 200 300 D 100

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