Financial information is presented below for three companies. Financial information is presented below for three companies. Jade Store Mercury Tupas Pharmacy Sales 900,000.00 ( c ) 1,440,000.00 Sales Returns (a) 60,000.00 120,000.00 Net Sales 740,000.00 940,000.00 1,320,000.00 Beginning Inventory 140,000.00 (d) 440,000.00 Purchases 880,000.00 1,000,000.00 ( e ) Purchase returns 60,000.00 100,000.00 80,000.00 Ending Inventory (b) 500,000.00 300,000.00 Cost of Goods Sold 640,000.00 720,000.00 (f) Gross Profit 100,000.00 220,000.00 240,000.00
Financial information is presented below for three companies.
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Financial information is presented below for three companies. |
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|
|
Jade Store |
Mercury |
Tupas Pharmacy |
|
Sales |
900,000.00 |
( c ) |
1,440,000.00 |
|
Sales Returns |
(a) |
60,000.00 |
120,000.00 |
|
Net Sales |
740,000.00 |
940,000.00 |
1,320,000.00 |
|
Beginning Inventory |
140,000.00 |
(d) |
440,000.00 |
|
Purchases |
880,000.00 |
1,000,000.00 |
( e ) |
|
Purchase returns |
60,000.00 |
100,000.00 |
80,000.00 |
|
Ending Inventory |
(b) |
500,000.00 |
300,000.00 |
|
Cost of Goods Sold |
640,000.00 |
720,000.00 |
(f) |
|
Gross Profit |
100,000.00 |
220,000.00 |
240,000.00 |
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