Question

Page 4 of 5 - ZOOM + Use the following to answer questions 30-35 Find the missing amounts: Case 3 Case 1 $992,000 Case 2 $758,300 444,300 Net Sales COGS Gross profit Operating expense Operating income 365,000 298,000 369,200 295,200 176,500 88,700 _For case 1, determine cost of goods sold For case 1, determine operating income include " if needed) For case 2, determine gross profit _For case 2, determine operating income (include "-"if needed) For case 3, determine net sales $ _For case 3, determine operating expense 36. Inventory records for DAD Incorporated revealed the following: Date Apr. 1 Apr. 4 Transaction Beginning inventory Purchase Number of Units 50 450 Unit Cost $123.00 $130.00

Answer 1

		Case 1	Case 2	Case 3
	Net Sales	$       9,92,000	$       7,58,300	$       6,63,000
Less:	COGS	$       6,22,800	$       4,44,300	$       3,65,000
	Gross Profit	$       3,69,200	$       3,14,000	$       2,98,000
Less:	Operating expenses	$       2,95,200	$       1,76,500	$       2,09,300
	Operating Income	$           74,000	$       1,37,500	$           88,700
30	$                                                       6,22,800
31	$                                                           74,000
32	$                                                       3,14,000
33	$                                                       1,37,500
34	$                                                       6,63,000
35	$                                                       2,09,300

Case 2 Less: B Case 1 Net Sales 992000 COGS =C2-C4 Gross Profit 369200 Operating expenses 295200 Operating Income =C4-C5 758300 444300 =D2-D3 176500 =D4-D5 Case 3 =E4+E3 365000 298000 =E4-E6 88700 5 Less: