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The following amounts were obtained from Stanwick Company's accounting records. 2016 2017 Net sales $381,220 $423,150 Cost of goods sold: Beginning inventory $36,800 (d) Purchases
The following amounts were obtained from Stanwick Company's accounting records.
2016 | 2017 | |||
Net sales | $381,220 | $423,150 | ||
Cost of goods sold: | ||||
Beginning inventory | $36,800 | (d) | ||
Purchases | (a) | 296,700 | ||
Goods available for sale | (b) | (e) | ||
Ending inventory | 41,870 | (f) | ||
Cost of goods sold | (c) | 295,200 | ||
Gross margin | $112,450 | (g) |
Required:
Compute the missing amounts. Input your answers as positive numbers.
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