Question: Given the following and Using the Gross Profit Method, fill in the missing numbers. Show all calculations Full Year, Last Yr. 1st 6 Mos, this

Given the following and Using the Gross Profit Method, fill in the missing numbers. Show all calculations
Full Year, Last Yr. 1st 6 Mos, this yr.
Sales Revenue 1,352,500 824,100
Cost of G.S.-
Beg. Invent. 172,411
Purchases 872,400 725,000
Cost of Invent. Avail for Sale 1,044,811
Less cost of ending invent. 244,801
Cost of Goods Sold 800,010
Gross Margin 552,490
Oper. Expenses 463,111 275,000
Oper. Income/Loss 89,379

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