Question
Supply the missing amounts in the preceding table. Beginning Ending Net Sales Merchandise Net Cost of Merchandise Cost of Gross Company Revenue Inventory Purchases Inventory
Supply the missing amounts in the preceding table.
Beginning | Ending | |||||
Net Sales | Merchandise | Net Cost of | Merchandise | Cost of | Gross | |
Company | Revenue | Inventory | Purchases | Inventory | Goods Sold | Profit |
Potato | $101,000 | $20,000 | $62,000 | $17,000 | (a) | $36,000 |
Tomato | (b) | 24,000 | 92,000 | (c) | 90,000 | 44,000 |
Lettuce | 90,000 | (d) | 57,000 | 25,000 | 60,000 | (e) |
Carrot | 83,000 | 12,000 | (f) | 8,000 | (g) | 46,000 |
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Financial accounting
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
8th Edition
9780135114933, 136108865, 978-0136108863
