Question: Inventory, May 31, 2022. . . . . . . . $29,000 Inventory, May 31, 2023. . . . . . . . 31,000 Purchases

Inventory, May 31, 2022. . . . . . . .

$29,000

Inventory, May 31, 2023. . . . . . . .

31,000

Purchases (of inventory). . . . . . .

82,000

Purchase Discounts. . . . . . . . . . .

2,000

Purchase Returns. . . . . . . . . . . . .

3,000

Freight-in. . . . . . . . . . . . . . . . . . . .

4,000

Sales Revenue. . . . . . . . . . . . . . .

200,000

Sales Discounts. . . . . . . . . . . . . .

13,000

Sales Returns. . . . . . . . . . . . . . . .

15,000

Compute

Rees

Distributors':

a. Net sales revenue

b. Cost of goods sold

c. Gross margin

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