Question: Answer this please The following data are available for three companies at the end of their fiscal years: Company Alpha: Finished goods, April 1 $
The following data are available for three companies at the end of their fiscal years: Company Alpha: Finished goods, April 1 $ 400,000 Cost of goods manufactured 2,600,000 Sales 3,500,000 Gross profit on sales 35% Finished goods inventory, March 31 Company Beta: Freight in $ Purchases returns and allowances Marketing expense Finished goods, December 31 Cost of goods sold Cost of goods available for sale 12,000 22,000 85,000 65,000 550,000 Company Chi: Gross profit Cost of goods manufactured Finished goods, January 1 Finished goods, December 31 Work in process, January 1 Work in process, December 31 Sales 264,000 612,000 34,000 26,000 18,000 12,000 Required: Determine the amounts indicated by the question marks. (AICPA adapted)
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