Question: 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

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.

2009 2010 2011 $290.000 $410,000 13,000 Sales returns Net sales Beginning inventory

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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