The table below contains portions of the income statements of four different companies: 4 1. 200,000 240,000 Net Sales 100,000 12,000 30,000 Beginning Inventory Net Cost of Purchases 15,000 55,000 125,000 95,000 145,000 Goods Available for Sale Ending Inventory Cost of Goods Sold Gross Profit a 10,000 25,000 k 1. 40,000 90,000 by 85,000 130,000 Reguired: Renlace the lettered blanks with the appropriate amounts.
The table below contains portions of the income statements of four different companies: 4 1. 200,000 240,000 Net Sales 100,000 12,000 30,000 Beginning Inventory Net Cost of Purchases 15,000 55,000 125,000 95,000 145,000 Goods Available for Sale Ending Inventory Cost of Goods Sold Gross Profit a 10,000 25,000 k 1. 40,000 90,000 by 85,000 130,000 Reguired: Renlace the lettered blanks with the appropriate amounts.
Chapter10: Inventory
Section: Chapter Questions
Problem 7PA: Use the weighted-average (AVG) cost allocation method, with perpetual inventory updating, to...
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SIMPLIFY
![The table below contains portions of the income statements of four different
companies:
1
2
3.
d
200,000
240,000
100,000
15,000
Net Sales
12,000
30,000
Beginning Inventory
Net Cost of Purchases
125,000
145,000
e
95,000
55,000
f
Goods Available for Sale
Ending Inventory
Cost of Goods Sold
Gross Profit
a
k
25,000
40,000
10,000
1.
b.
90,000
85,000
130,000
Required: Replace the lettered blanks with the appropriate amounts.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7ba2e1fe-7a86-470c-a880-095455c95508%2F3f7a777f-4eb4-47e9-b957-2371f77b9804%2Fxzcj28_processed.png&w=3840&q=75)
Transcribed Image Text:The table below contains portions of the income statements of four different
companies:
1
2
3.
d
200,000
240,000
100,000
15,000
Net Sales
12,000
30,000
Beginning Inventory
Net Cost of Purchases
125,000
145,000
e
95,000
55,000
f
Goods Available for Sale
Ending Inventory
Cost of Goods Sold
Gross Profit
a
k
25,000
40,000
10,000
1.
b.
90,000
85,000
130,000
Required: Replace the lettered blanks with the appropriate amounts.
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