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show excel formulas please 1 Find the net profit or loss as a percentage and the gross margin as a dollar amount 2 3 Gross
show excel formulas please
1 Find the net profit or loss as a percentage and the gross margin as a dollar amount 2 3 Gross sales $220,000 4 Customer returns and allowances $15,800 5 Opening inventory at cost $39,000 6 Billed cost of goods $99 600 7 Inward freight $5,200 8 Cash discount $6.100 9 Closing inventory at cost $37,000 10 Payroll $49,000 11 Occupancy $28,500 12 Wrapping and packing $1,250 13 Utilities $2,050 14 Delivery $2,900 15 16 17 18 19 $Cost SRetail 20 Gross sales $220,000 21 Customer returns and allowances $15,000 22 Net Sales $205,000 23 24 Opening inventory at cost $38.000 $38.000 25 Billed cost of goods 599,000 26 Inward freight 5000 27 Cost of goods purchased 28 Total Inventory Handled 29 Closing inventory at cost $36.000 30 Gross Cost of goods sold 31 Cash Discount 56.000 32 Net Cost of Goods Sold 33 Alteration & Workroom costs 34 Total cost of Goods Sold 35 Gross Margin 36 Payroll 48000 37 Occupancy 28000 30 Wrapping and packing 1200 39 Utilities 2000 Delivery 2800 Operating expenses MAO 1 Find the net profit or loss as a percentage and the gross margin as a dollar amount 2 3 Gross sales $220,000 4 Customer returns and allowances $15,800 5 Opening inventory at cost $39,000 6 Billed cost of goods $99 600 7 Inward freight $5,200 8 Cash discount $6.100 9 Closing inventory at cost $37,000 10 Payroll $49,000 11 Occupancy $28,500 12 Wrapping and packing $1,250 13 Utilities $2,050 14 Delivery $2,900 15 16 17 18 19 $Cost SRetail 20 Gross sales $220,000 21 Customer returns and allowances $15,000 22 Net Sales $205,000 23 24 Opening inventory at cost $38.000 $38.000 25 Billed cost of goods 599,000 26 Inward freight 5000 27 Cost of goods purchased 28 Total Inventory Handled 29 Closing inventory at cost $36.000 30 Gross Cost of goods sold 31 Cash Discount 56.000 32 Net Cost of Goods Sold 33 Alteration & Workroom costs 34 Total cost of Goods Sold 35 Gross Margin 36 Payroll 48000 37 Occupancy 28000 30 Wrapping and packing 1200 39 Utilities 2000 Delivery 2800 Operating expenses MAO Step by Step Solution
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