Determining Merchandise Amounts?Periodic Two or more items are omitted in each of the following tabulations of income
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Determining Merchandise Amounts?Periodic Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing.
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2009 2010 2011 $290.000 $410,000 13,000 Sales returns Net sales Beginning inventory Ending inventory 6,000 347,000 20,000 32,000 260,000 298,000 10,000 12,000 Purchase returns and allowances Transportation-in Cost of goods sold Gross profit on sales 8,000 5,000 8 9,000 238,000 303,000 97,000 91,000
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2009 2010 2011 Sales 290000 360000 410000 Sales Returns 600...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
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