Supply the missing amounts in the preceding table

Reference no: EM131815312

Question: Computing periodic inventory amounts Consider the data of the following companies:

Requirements: 1. Supply the missing amounts in the preceding table.

2. Prepare the income statement for the year ended December 31, 2017, for Ash Company, which uses the periodic inventory system. Include a complete heading, and show the full computation of cost of goods sold. Ash's operating expenses for the year were $11,000.

Reference no: EM131815312

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