Question: SHOW YOUR WORK FOR CALCULATION PROBLEMS Given the following information, calculate or solve for the unknown variables marked with question marks ?? and related questions.

SHOW YOUR WORK FOR CALCULATION PROBLEMS

Given the following information, calculate or solve for the unknown variables marked with question marks ?? and related questions.

YEAR #1

Sales$50,000

Cost of Goods Sold ??

Gross Profit.. ??

Gross Profit Margin.. ??

Beginning Inventory..15,000

Purchases25,000

Goods Available for Sale..??

Ending Inventory..15,000

Cost of Goods Sold ??

Question: What is the beginning inventory for YEAR #2 ?

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