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Find the missing dollar amounts

Assignment Help Financial Accounting
Reference no: EM131714651

QUESTION 1Sales Revenue$800Beginning Inventory$100Purchases$700Available for Sale ? Ending Inventory$500Cost of Goods Sold ? Gross Profit ? Operating Expenses$200Net Income ? The missing dollar amounts are:

Goods Available for Sale â $800
Cost of Goods Sold â $300
Gross Profit â $500
Net income - $300
Goods Available for Sale â $900
Cost of Goods Sold â $300
Gross Profit â $500
Net income - $400
Goods Available for Sale â $800
Cost of Goods Sold â $600
Gross Profit â $200
Net income - $50
Goods Available for Sale â $800
Cost of Goods Sold â $300
Gross Profit â $400
Net income - $400

QUESTION 2Sales Revenue$900Beginning Inventory$200Purchases$700Available for Sale ?Ending Inventory ?Cost of Goods Sold ?Gross Profit ?Operating Expenses$150Net Income$0

The missing dollar amounts are:
Goods Available for Sale â $300
Ending Inventory â $150
Cost of Goods Sold â $600
Gross Profit â $300

Goods Available for Sale â $900
Ending Inventory â $150
Cost of Goods Sold â $750
Gross Profit â $150
Goods Available for Sale â $300
Ending Inventory â $150
Cost of Goods Sold â $750
Gross Profit â $100

Goods Available for Sale â $300
Ending Inventory â $100
Cost of Goods Sold â $800
Gross Profit â $200
0 points

QUESTION 3Sales Revenue ?Beginning Inventory$150Purchases ?Available for Sale ?Ending Inventory$250Cost of Goods Sold$200Gross Profit$400Operating Expenses$100Net Income ?

The missing dollar amounts are:
Sales Revenue - $600
Purchases - $250
Goods Available for Sale â $500
Net income - $300

Sales Revenue - $800
Purchases - $300
Goods Available for Sale â $450
Net income - $500

Sales Revenue - $600
Purchases - $300
Goods Available for Sale â $450
Net income - $300

Sales Revenue - $600
Purchases - $200
Goods Available for Sale â $350
Net income - $300

QUESTION 4Sales Revenue$800 Beginning Inventory? Purchases$600Available for Sale?Ending Inventory$250Cost of Goods Sold?Gross Profit?Operating Expenses$250Net Income$100The missing dollar amounts are:
Beginning Inventory - $100
Goods Available for Sale â $600
Cost of Goods Sold â $350
Gross Profit â $350

Beginning Inventory - $300
Goods Available for Sale â $500
Cost of Goods Sold â $550
Gross Profit â $450
Beginning Inventory - $200
Goods Available for Sale â $800
Cost of Goods Sold â $450
Gross Profit â $350

Beginning Inventory - $100
Goods Available for Sale â $700
Cost of Goods Sold â $450
Gross Profit â $350

Reference no: EM131714651

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