A 11 Retail Method 12 13 Cost ratio B C D E @ cost [a] % 14 Begin Inv. 32,000.00 15 Purchase 135,000.00 16 GAS 167,000.00 350,000.00 17 CGS/Sale $ [b] 270,000.00 18 Ending Inv $ [c] $ [d] @price 70,000.00 280,000.00 Gross Profit Method profit margin Begin Inv. Purchase GAS CGS/Sale Ending Inv @ cost F 25% 24,000.00 5,600.00 29,600.00 [e] $ [f] @ price G 23,000.00!
A 11 Retail Method 12 13 Cost ratio B C D E @ cost [a] % 14 Begin Inv. 32,000.00 15 Purchase 135,000.00 16 GAS 167,000.00 350,000.00 17 CGS/Sale $ [b] 270,000.00 18 Ending Inv $ [c] $ [d] @price 70,000.00 280,000.00 Gross Profit Method profit margin Begin Inv. Purchase GAS CGS/Sale Ending Inv @ cost F 25% 24,000.00 5,600.00 29,600.00 [e] $ [f] @ price G 23,000.00!
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Solve the missing values.
![A
11 Retail Method
12
13 Cost ratio
B
C
D
E
@ cost
[a] %
14 Begin Inv.
32,000.00
15 Purchase
135,000.00
16 GAS
167,000.00
350,000.00
17 CGS/Sale
$ [b]
270,000.00
18 Ending Inv
$ [c]
$ [d]
@price
70,000.00
280,000.00
Gross Profit Method
profit margin
Begin Inv.
Purchase
GAS
CGS/Sale
Ending Inv
@ cost
F
25%
24,000.00
5,600.00
29,600.00
[e]
$ [f]
@ price
G
23,000.00!](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff55b28db-49dd-4308-8e68-399fedcb15ee%2F9a0e9713-47b5-41ea-b1ff-3aa5c7558e04%2F3h8gd4_processed.png&w=3840&q=75)
Transcribed Image Text:A
11 Retail Method
12
13 Cost ratio
B
C
D
E
@ cost
[a] %
14 Begin Inv.
32,000.00
15 Purchase
135,000.00
16 GAS
167,000.00
350,000.00
17 CGS/Sale
$ [b]
270,000.00
18 Ending Inv
$ [c]
$ [d]
@price
70,000.00
280,000.00
Gross Profit Method
profit margin
Begin Inv.
Purchase
GAS
CGS/Sale
Ending Inv
@ cost
F
25%
24,000.00
5,600.00
29,600.00
[e]
$ [f]
@ price
G
23,000.00!
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