Question: Consider the following partially completed income statements: Requirement 1. Compute the missingamounts. Fit Apparel Jones, Inc. Sales ..... (d) 101,000 Cost of goods sold Beginning

Consider the following partially completed income statements:

Requirement
1. Compute the missingamounts.

Fit Apparel Jones, Inc. Sales ..... (d) 101,000 Cost of goods sold Beginning inventory Purchases and freight in Cost of goods available for sale Ending inventory .. Cost of goods sold (a) S 29,000 48,000 (c) (b) 88,000 1,900 1,900 (f) 59,000 Gross margin Selling and administrative expenses Operating income. 42,000 113,000 (c) 84,000 24 13,000 (g) %24

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