8-1 Chapter 8 Problem Set A From the accounting records of Hauck Company: Beginning Inventory Net Purchases Ending Inventory Cost of Goods Sold 2017 2018 2019 $5,400 B D A 44,850 52,100 7,100 C 9,700 41,500 45,300 E Calculate the missing amounts. Write out all steps in your calculations and label each number. Problem 8-2 Dutton Company reported inventory of $50,000 at the beginning of 2019. During the year, it purchased inventory of $515,000 and sold inventory for $800,000. At the end of 2019, Dutton Company had $40,000 of inventory on hand.. 1. How much was Dutton's cost of goods sold for 2019? 2. What was Dutton's gross margin for 2019