E 8. The data presented below are for a retail organization and a manufacturing organization.

1. Fill in the missing data for the retail organization:

First Second Third Fourth Quarter Quarter Quarter Quarter Sales $9 $ e $15 $ k Gross margin a 4 5 1 Ending merchandise inventory 5 f 5 m Beginning merchandise inventory 4 g h 5 Net cost of purchases b 7 9 n Operating income 3 2 i 2 Operating expenses c 2 2 4 Cost of goods sold 5 6 j 11 Cost of goods available for sale d 12 15 15 2. Fill in the missing data for the manufacturing organization:

First Second Third Fourth Quarter Quarter Quarter Quarter Ending finished goods inventory $a $ 3 $ h $ 6 Cost of goods sold 6 3 5 1 Operating income 1 3 1 m Cost of goods available for sale 8 d 10 13 Cost of goods manufactured 5 e i 8 Gross margin 4 f j 7 Operating expenses 3 g 5 6 Beginning finished goods inventory b 2 3 n Sales c 10 k 14