E6A-27 Computing periodic inventory amounts

E6A-27 Computing periodic inventory amounts Learning Objective 7 Appendix 6A D Consider the data of the following companies which use the periodic inventory system: Net Sales Merchandise Net Cost of Merchandise Cost of Company Revnue Goods Sold S (a) 99,000 68,000 inventory 22,000 Gross Profit 45,000 40,000 ory Purchases 59,000 94,000 58,000 105,000 $23,000 27,000 96,000 24,000 Petite 80,000 8,000 6,500 44,000 Requirements 1. Supply the missing amounts in the preceding table. 2. Prepare the income statement for the year ended December 31, 2019, for Large Company, which uses the periodic inventory system. Include a complete heading, and show the full computation of cost of goods sold. Large's operating expenses for the year were $12,000