Supply the missing dollar amounts for each of the following independent cases: Cases A B C D E Sales Revenue Beginning Purchases Inventory $ 1,000 $ 1,200 1,160 1,300 400 $ 500 400 350 Cost of Goods Available for Sale 1,100 1500 1,100 900 1,200 Cost of Goods Sold $ 660 500 950 Cost of Ending Inventory + 460 600 550 Gross Profit 700 860

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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E6-5 (Algo) Inferring Missing Amounts Based on Income Statement Relationships [LO 6-2, LO 6-6]
Supply the missing dollar amounts for each of the following independent cases:
Cases
A
B
C
D
E
Sales
Revenue
"
$ 1,000 $
1,200
1,160
1,300
Beginning
Inventory
Purchases
400 $
500
400
350
Cost of Goods
Available for Sale
1,100 1500
1,100
900
1,200
Cost of
Goods Sold
$
660
500
950
Cost of
Ending Inventory
460
600
550
Gross Profit
700
860
Transcribed Image Text:E6-5 (Algo) Inferring Missing Amounts Based on Income Statement Relationships [LO 6-2, LO 6-6] Supply the missing dollar amounts for each of the following independent cases: Cases A B C D E Sales Revenue " $ 1,000 $ 1,200 1,160 1,300 Beginning Inventory Purchases 400 $ 500 400 350 Cost of Goods Available for Sale 1,100 1500 1,100 900 1,200 Cost of Goods Sold $ 660 500 950 Cost of Ending Inventory 460 600 550 Gross Profit 700 860
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