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Rulix Watch Company reported the following income statement data for a 2-year period. 2016 2017 Sales revenue $211,500 $256,500 Cost of goods sold Beginning inventory

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Rulix Watch Company reported the following income statement data for a 2-year period. 2016 2017 Sales revenue $211,500 $256,500 Cost of goods sold Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory 34,000 173,500 207,500 44,500 163,000 $48,500 44,500 206,000 250,500 55,000 195,500 $61,000 Cost of goods sold Gross profit Rulix uses a periodic inventory system. The inventories at January 1, 2016, and December 31, 2017, are correct. Your answer is partially correct. Try again. Prepare correct income statement data for the 2 years. 2016 2017 Sales 211,500$ 256,500 Cost of goods sold Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory 34,00 173,500 207,500 44,500 44,500 206,000 250,500 55,000 Cost of goods sold 163,000 195,500 Gross profit 48,500 61,000 Rulix Watch Company reported the following income statement data for a 2-year period. 2016 2017 Sales revenue $211,500 $256,500 Cost of goods sold Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory 34,000 173,500 207,500 44,500 163,000 $48,500 44,500 206,000 250,500 55,000 195,500 $61,000 Cost of goods sold Gross profit Rulix uses a periodic inventory system. The inventories at January 1, 2016, and December 31, 2017, are correct. Your answer is partially correct. Try again. Prepare correct income statement data for the 2 years. 2016 2017 Sales 211,500$ 256,500 Cost of goods sold Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory 34,00 173,500 207,500 44,500 44,500 206,000 250,500 55,000 Cost of goods sold 163,000 195,500 Gross profit 48,500 61,000

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