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.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter6: Cost Of Goods Sold And Inventory

Section: Chapter Questions

Problem 32CE: ( Appendix 6B) Inventory Costing Methods: Periodic Average Cost Refer to the information for...

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