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Problem #21 The table below contains portions of the income statements of four different companies: 4. Net Sales Beginning Inventory Net Cost of Purchases Goods Available for Sale Ending Inventory Cost of Goods Sold Gross Profit 100,000 d 200,000 240,000 15,000 12,000 30,000 55,000 e 125,000 95,000 a f 145,000 10,000 25,000 k 40,000 90,000 85,000 130,000 Required: Replace the lettered blanks with the appropriate amounts.

Problem #21 The table below contains portions of the income statements of four different companies: 4. Net Sales Beginning Inventory Net Cost of Purchases Goods Available for Sale Ending Inventory Cost of Goods Sold Gross Profit 100,000 d 200,000 240,000 15,000 12,000 30,000 55,000 e 125,000 95,000 a f 145,000 10,000 25,000 k 40,000 90,000 85,000 130,000 Required: Replace the lettered blanks with the appropriate amounts.

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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Problem #21 The table below contains portions of the income statements of four different companies: 3 4 Net Sales Beginning Inventory Net Cost of Purchases Goods Available for Sale Ending Inventory Cost of Goods Sold Gross Profit 100,000 d 200,000 240,000 15,000 12,000 30,000 95,000 55,000 e 125,000 a 145,000 10,000 25,000 k 40,000 90,000 85,000 130,000 Required: Replace the lettered blanks with the appropriate amounts.
Transcribed Image Text:Problem #21 The table below contains portions of the income statements of four different companies: 3 4 Net Sales Beginning Inventory Net Cost of Purchases Goods Available for Sale Ending Inventory Cost of Goods Sold Gross Profit 100,000 d 200,000 240,000 15,000 12,000 30,000 95,000 55,000 e 125,000 a 145,000 10,000 25,000 k 40,000 90,000 85,000 130,000 Required: Replace the lettered blanks with the appropriate amounts.
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