2. 3. 4. 250,000 290,000 70,000 400,000 120,000 390,000 Net Sales Merchandise Inventory, 1/1/2018 Net Cost...

   

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2. 3. 4. 250,000 290,000 70,000 400,000 120,000 390,000 Net Sales Merchandise Inventory, 1/1/2018 Net Cost of Purchases Goods Available for Sale Merch. Inventory, 1/31/2018 Cost of Goods Sold 50,000 160,000 80,000 110,000 40,000 160,000 30,000 230,000 70,000 140,000 380,000 Grass Profit 50,000 40,000 160,000 Required: Replace the lettered blanks with the appropriate amounts, Problem #21 The table below contains portions of the income statements of four different companies: 2. 4. 200,000 240,000 30,000 Net Sales 100,000 Beginning Inventory Net Cost of Purchases Goods Available for Sale Ending Inventory Cost of Goods Sold Gross Profit 15,000 55,000 12,000 125,000 95,000 145,000 k 25,000 40,000 90,000 10,000 85,000 130,000 Required: Replace the lettered blanks with the appropriate amounts. 2. 3. 4. 250,000 290,000 70,000 400,000 120,000 390,000 Net Sales Merchandise Inventory, 1/1/2018 Net Cost of Purchases Goods Available for Sale Merch. Inventory, 1/31/2018 Cost of Goods Sold 50,000 160,000 80,000 110,000 40,000 160,000 30,000 230,000 70,000 140,000 380,000 Grass Profit 50,000 40,000 160,000 Required: Replace the lettered blanks with the appropriate amounts, Problem #21 The table below contains portions of the income statements of four different companies: 2. 4. 200,000 240,000 30,000 Net Sales 100,000 Beginning Inventory Net Cost of Purchases Goods Available for Sale Ending Inventory Cost of Goods Sold Gross Profit 15,000 55,000 12,000 125,000 95,000 145,000 k 25,000 40,000 90,000 10,000 85,000 130,000 Required: Replace the lettered blanks with the appropriate amounts.

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1 2 3 4 5 Net Sales 120000 180000 250000 290000 400000 Merchandise Inventory 1... View the full answer