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Please provide the missing items: 1. Sales =? Sales return and allowances = 12,300 Net Sales =? Beginning Inventory =196,000 Net Purchases =415,200 Ending Inventory = 179,500 Cost of goods sold = 431,700 Gross Profit = 95,000   2. Sales = 714,000 Sales return and allowances = ? Net Sales =? Beginning Inventory = 78,000 Net Purchases =284,000 Ending Inventory = 128,500 Cost of goods sold = 233,500 Gross Profit = 464,000

Please provide the missing items: 1. Sales =? Sales return and allowances = 12,300 Net Sales =? Beginning Inventory =196,000 Net Purchases =415,200 Ending Inventory = 179,500 Cost of goods sold = 431,700 Gross Profit = 95,000   2. Sales = 714,000 Sales return and allowances = ? Net Sales =? Beginning Inventory = 78,000 Net Purchases =284,000 Ending Inventory = 128,500 Cost of goods sold = 233,500 Gross Profit = 464,000

FINANCIAL ACCOUNTING
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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Please provide the missing items:

1. Sales =?

Sales return and allowances = 12,300

Net Sales =?

Beginning Inventory =196,000

Net Purchases =415,200

Ending Inventory = 179,500

Cost of goods sold = 431,700

Gross Profit = 95,000

 

2. Sales = 714,000

Sales return and allowances = ?

Net Sales =?

Beginning Inventory = 78,000

Net Purchases =284,000

Ending Inventory = 128,500

Cost of goods sold = 233,500

Gross Profit = 464,000

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