Assignment 3. 1. 11.00 points This exercise stresses the relationships between the information recorded in a...

  

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Assignment 3. 1. 11.00 points This exercise stresses the relationships between the information recorded in a periodic inventory system and the basic elements of an income statement. Each of the five fines represents a separate set of information. You are to fit in the missing amounts (Input all amounts as positive values except met loss which should be indicated with a minus sign. Omit the "S" sign in your response) b. C 4 W Net Sales 330.000 470,000 630,000 820.000 Beginning Inventory 76,000 72.000 220,000 156.000 Purchases 104,000 280.000 Question 1 (of 8) 450,000 Ending Inventory 35,200 200.000 135,000 200,000 Cost of Goods Sold 264.000 441,000 450,000 Gross Proft 185,200 189,000 234.000 140,000 Expenses 72.000 150.000 260.000 Profit or (Loss) 20,000 (15,000) instructives Assignment 3. 1. 11.00 points This exercise stresses the relationships between the information recorded in a periodic inventory system and the basic elements of an income statement. Each of the five fines represents a separate set of information. You are to fit in the missing amounts (Input all amounts as positive values except met loss which should be indicated with a minus sign. Omit the "S" sign in your response) b. C 4 W Net Sales 330.000 470,000 630,000 820.000 Beginning Inventory 76,000 72.000 220,000 156.000 Purchases 104,000 280.000 Question 1 (of 8) 450,000 Ending Inventory 35,200 200.000 135,000 200,000 Cost of Goods Sold 264.000 441,000 450,000 Gross Proft 185,200 189,000 234.000 140,000 Expenses 72.000 150.000 260.000 Profit or (Loss) 20,000 (15,000) instructives

Answer rating: 100% (QA)

ANSWER Answer a Net Sales 250000 Less Gross Profit 105200 COGS 144800 ... View the full answer