Question

   Supply the missing dollar amounts for each of the following independent cases. Cases Sales Revenue...

  

Supply the missing dollar amounts for each of the following independent cases.

Cases Sales Revenue Beginning Inventory Purchases Cost of Goods Available for Sale Cost of Goods Sold Cost of Ending Inventory Gross Profit
A $1,150 $550 $1,250 $1,800 $840 $960
B 1,350 650 1,250 1,900 640
C 550 650 750 850
D 1,340 1,050 1,100 700
E 1,450 500 1,350 1,850 1,040

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Answer #1

Beginning inventory+Purchases=Cost of goods available for sale

Cost of goods available for sale-Ending inventory=COGS

Sales-COGS=Gross profit

Cases Sales Revenue Beginning Inventory Purchases Cost of Goods Available for Sale Cost of Goods Sold Cost of Ending Inventory Gross Profit
A $1,150 $550 $1,250 $1,800 $840 $960 $310
B 1,350 650 1,250 1,900 $1260 640 $90
C $1500 550 $850 $1400 650 750 850
D 1,340 $750 1,050 $1800 1,100 700 $240
E 1,450 500 1,350 1,850 $410 $1440 1,040
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