Question: Based on the information given in the table regaarding Jones Inc. What is the: 1. Beggining Merchandise Inventory 2. Cost of goods available to sale

 Based on the information given in the table regaarding Jones Inc.

Based on the information given in the table regaarding Jones Inc. What is the:

1. Beggining Merchandise Inventory

2. Cost of goods available to sale

3. Selling and Administrative Expenses

S16-6 (book'static) Consider the following partially completed income statements for merchandising companies and compute the missing amounts Click the icon to view the Income Statements.) Data Table Jones, Inc. Sales 99,000 Jones, Inc. Corrigan, Inc. Cost of Goods Sold Sales 99,000 $ Cost of Goods Sold Beginning Merchandise Inventory Purchases and Freight In Cost of Goods Available for Sale Ending Merchandise Inventory Cost of Goods Sold 29,000 Beginning Merchandise Inventory Purchases and Freight In Cost of Goods Available for Sale Ending Merchandise Inventory Cost of Goods Sold 50,000 50,000 (2,100) 63,000 36,000 92,000 (2,100) 63,000 36,000 (2,100) Gross Profit Selling and Administrative Expenses Operating Income Gross Profit Selling and Administrative Expenses Operating Income 115,000 13,000 86,000 13,000 $ Print Done

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