Compute the dollar value of each missing item as indicated by A thru E below. Each horizontal line of numbers is a separate problem. Therefore, only use the first horizontal line of numbers when calculating the answers for A,B,and C, and only use the second line of horizontal numbers when calculating your answers for D and E. Each horizontal line of information is separate and distinct from the other horizontal line of numbers. First horizontal line of numbers ( Use the first row of numbers below to solve for A,B,and C ) Sales Beginning Net cost of Ending COGS Gross Operating Net Income Inventory purchases Inventory Margin expenses or net loss $250,000 A $70,000 $20,000 B $80,000 C $24,000 --------------------------------- ---------------------------------------------------------------------------------------- Second horizontal line of numbers ( Use only the numbers below to solve for D and E ) Sales Beginning Net cost of Ending COGS Gross Operating Net Income Inventory purchases inventory Margin expenses or net loss D $24,000 E $36,000 $216,000 $120,000 $80,000 $40,000
- Compute the dollar value of each missing item as indicated by A thru E below. Each horizontal line of numbers is a separate problem. Therefore, only use the first horizontal line of numbers when calculating the answers for A,B,and C, and only use the second line of horizontal numbers when calculating your answers for D and E. Each horizontal line of information is separate and distinct from the other horizontal line of numbers.
First horizontal line of numbers ( Use the first row of numbers below to solve for A,B,and C )
Sales Beginning Net cost of Ending COGS Gross Operating Net Income
Inventory purchases Inventory Margin expenses or net loss
$250,000 A $70,000 $20,000 B $80,000 C $24,000
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Second horizontal line of numbers ( Use only the numbers below to solve for D and E )
Sales Beginning Net cost of Ending COGS Gross Operating Net Income
Inventory purchases inventory Margin expenses or net loss
D $24,000 E $36,000 $216,000 $120,000 $80,000 $40,000
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