Consider the following incomplete table of a merchandiser's profit data. Calculate the missing amounts to complete the table.(Click the icon to view the data.)Sales$90,000 $104,000 $65,600Sales Returns and Allowances9201,610840Sales Discounts6308004702,060Net Sales88,45099,700Cost of Goods Sold60,70040,60076,800Gross Profit34,00034,900 ple of a merchandiser's profit data. Calculate the missing amounts to complete the table.90,000 $10- XData Table92063088,4509Sales$490,000 $104,000 $65,600(f)60,700Sales Returns and Allowances920(b)1,6108403Sales Discounts6308004702,060Net Sales88,45099,700(d)(g)Cost of Goods Sold60,700(c)40,60076,800Gross Profit(а)34,000e)34,900PrintDonend then continue to the next question.

Different given values are to be used to find the required data.

Data Table Sales 24 90,000 S 104,000 $ 65,600 (f) Sales Returns and Allowances 920 (b) 1,610 840 Sales Discounts 630 800 470 2,060 Net Sales 88,450 99,700 (d) (g) Cost of Goods Sold 60,700 (c) 40,600 76,800 Gross Profit (a) 34,000 (e) 34,900 Drint Done

Data Table Sales 24 90,000 S 104,000 $ 65,600 (f) Sales Returns and Allowances 920 (b) 1,610 840 Sales Discounts 630 800 470 2,060 Net Sales 88,450 99,700 (d) (g) Cost of Goods Sold 60,700 (c) 40,600 76,800 Gross Profit (a) 34,000 (e) 34,900 Drint Done

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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