Gross Sales Sales returns Goods Sold Net Ending Profit Beg Inventory Purchases Inventory Net Sales (Loss) 5,000 80,000 24,000 130,000 38,000 2 126,000 6,000 48,000 145,000 46,500 3. 7,200 264,800 167,000 62,800 186,200
Gross Sales Sales returns Goods Sold Net Ending Profit Beg Inventory Purchases Inventory Net Sales (Loss) 5,000 80,000 24,000 130,000 38,000 2 126,000 6,000 48,000 145,000 46,500 3. 7,200 264,800 167,000 62,800 186,200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Sole only question 3
![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
3.
7,200 264,800
167,000
62,800 186,200](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F170cb1c0-58f4-4062-bdc2-7d0c33c3e95b%2F51d53a2b-d813-4aea-bcc1-f4f19ca0cad5%2Fcy5w9x9_processed.png&w=3840&q=75)
Transcribed Image Text: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
3.
7,200 264,800
167,000
62,800 186,200
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