Calculate the missing items in the following. Enter all numbers
as positive values.
Sales
Sales Returns and Allowances
Net Sales
Beginning Merchandise Inventory
Net Purchases
Cost of Goods Available for Sale
Ending Merchandise Inventory
Cost of Goods Sold
Gross Profit
a.
$242,000
$6,000
236000
$152,000
$170,000
$ 322000
$136,000
$186,000
$ ? ( it's not $56000)
b.
304,000
7000
297,000
134,000
270000
404,000
176,000
228,000
? (it's not $76000)
c.
638000
10,000
628,000
70000
416,000
486,000
89,000
397000
? (it's not $241000)