Last one only. Cost ofGoodsGrossSalesProfit(Loss)NetEndingBegInventory Purchases InventoryNetSalesreturnsSalesSold15,00080,00024,000130,00038,0002 126,0006,00048,000145,00046,5007,200 264,800167,00062,800 186,2004 345,0008,600114,000141,000 179,0005 468,000458,800155,000270,000228,000

As requested to answer only last part so we are answering only last part.

Cost of Goods Sold Gross Sales Net Ending Profit Beg Inventory Purchases Inventory Net Sales returns Sales (Loss) 1. 5,000 80,000 24,000 130,000 38,000 2 126,000 6,000 48,000 145,000 46,500 264 800 167 000 62.800 186.200 7200

Cost of Goods Sold Gross Sales Net Ending Profit Beg Inventory Purchases Inventory Net Sales returns Sales (Loss) 1. 5,000 80,000 24,000 130,000 38,000 2 126,000 6,000 48,000 145,000 46,500 264 800 167 000 62.800 186.200 7200

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business

Section: Chapter Questions

Problem 5MC

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Question

Last one only.

Cost of
Goods
Gross
Sales
Profit
(Loss)
Net
Ending
Beg
Inventory Purchases Inventory
Net
Sales
returns
Sales
Sold
1
5,000
80,000
24,000
130,000
38,000
2 126,000
6,000
48,000
145,000
46,500
7,200 264,800
167,000
62,800 186,200
4 345,000
8,600
114,000
141,000 179,000
5 468,000
458,800
155,000
270,000
228,000

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