Two or more items are omitted in each of the following tabulations of income statement data....
Two or more items are omitted in each of the following
tabulations of income statement data. Fill in the amounts that are
missing.
|
2016 |
2017 |
2018 |
||||
| Sales revenue | $288,650 | $
|
$413,170 | |||
| Sales returns and allowances | (11,700) | (12,650) |
|
|||
| Net sales |
|
344,231 |
|
|||
| Beginning inventory | 19,490 | 30,190 |
|
|||
| Ending inventory |
|
|
|
|||
| Purchases |
|
260,780 | 297,192 | |||
| Purchase returns and allowances | (5,390) | (8,590) | (9,130) | |||
| Freight-in | 7,420 | 9,620 | 12,170 | |||
| Cost of goods sold | (227,400) |
|
(291,369) | |||
| Gross profit on sales | 49,550 | 99,530 | 90,280 |
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Homework Answers
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Two or more items are omitted in each of the following
tabulations of income statement data....
Two or more items are omitted in each of the following tabulations of income statement data....
Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing. 2019 2020 2021 Sales revenue $291,720 $ $406,940 Sales returns and allowances (11,810) (12,120) Net sales 349,189 Beginning inventory 19,560 30,270 Ending inventory Purchases 258,540 296,630 Purchase returns and allowances Freight-in Cost of goods sold Gross profit on sales (4,560) 7,200 (233,850) (7,710) 9,660 (9,040) 12,630 (294,728) 46,060 90,160 91,140
Two or more items are omitted in each of the following tabulations of income statement data....
Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing. 2019 2020 2021 Sales revenue $292,550 $410,470 Sales returns and allowances (10,040) (12,050) Net sales 345,778 Beginning inventory 20,230 32,760 Ending inventory Purchases 260,310 297,101 Purchase returns and allowances (4,960) (8,640) (10,920) Freight-in 7,970 8,460 11,900 Cost of goods sold (236,970) (295,504) Gross profit on sales 45,540 90,810 103,170
Exercise 8-06 Two or more items are omitted in each of the following tabulations of income...
Exercise 8-06 Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing. 2019 2020 2021 Sales revenue $290,150 (10,340) Sales returns and allowances 357168 (13,000) 344,168 31,800 $413,850 (15820) 398030 Net sales 279810 21,130 Beginning inventory Ending inventory Purchases Purchase returns and allowances Freight-in Cost of goods sold Gross profit on sales 300940 275090 (4,740) 7,460 (234,220) 45,590 275968 260,890 (8,590) 8,500 (167220) 93,580 299,310 (9,690) 12,110...
gnment CALCULATOR Two or more items are omitted in each of the following tabulations of income...
gnment CALCULATOR Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing. 2016 2017 2018 Sales revenue $290,990 $406,460 Sales returns and allowances (11,310) (13,570) Net sales 348,422 Beginning inventory 18,810 30,350 Ending inventory 261,520 (8,210) 9,340 Purchases Purchase returns and allowances Freight-in Cost of goods sold Gross profit on sales (4,790) 8,610 (231,970) 47,710 296,357 (10,760) 13,020 (292,188) 91,540 85,860
*Exercise 8-6 Two or more items are omitted in each of the following tabulations of income...
*Exercise 8-6 Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing. 2017 2018 2016 $288,820 Sales revenue $410,020 Sales returns and allowances (11,060) (13,430) Net sales 348,998 Beginning inventory 19,210 33,650 Ending inventory Purchases Purchase returns and allowances Freight-in Cost of goods sold Gross profit on sales (5,040) 8,110 (235,200) 261,470 (7,800) 8,410 298,835 (10,240) 12,600 (293,080) 96,640 42,560 95,570
Exercise 8-06 Two or more items are omitted in each of the following tabulations of income...
Exercise 8-06 Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing. 2020 2019 $287,390 (12,020) 2021 $407,960 Sales revenue Sales returns and allowances Net sales (12,550) 349,848 33,500 19,750 Beginning inventory Ending inventory Purchases 260,460 (7,200) 8,660 Purchase returns and allowances Freight-in Cost of goods sold Gross profit on sales (4,770) 8,350 (231,210) 44,160 297,376 (10,980) 13,080 (291,795) 102,340 94,480
Exercise 8-06 Two or more items are omitted in each of the following tabulations of income...
Exercise 8-06 Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing. 2020 2019 $288,820 (11,060) 2021 $410,020 Sales revenue Sales returns and allowances Net sales (13,430) 348,998 33,650 Beginning inventory 19,210 Ending inventory Purchases Purchase returns and allowances Freight-in Cost of goods sold Gross profit on sales 261,470 (7,800) 8,410 (5,040) 8,110 (235,200) 42,560 298,835 (10,240) 12,600 (293,080) 96,640 95,570
Exercise 8-06 Your answer is partially correct. Try again. Two or more items are omitted in...
Exercise 8-06 Your answer is partially correct. Try again. Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missi 2020 2021 2019 $290,040 Sales revenue 358221 $412,060 Sales returns and allowances (12,080) -23436 Net sales (13,370) 344,851 33,580 277960 20,500 388624 Beginning inventory 44139 YRIR Ending inventory -33580 -44139 Purchases 258,490 Purchase returns and allowances (4,650) (7,650) Freight-in 7,840 9,070 Cost of goods sold (230,630) -249351 Gross...
(22) Two items are omitted in each of the following four lists of income statement data....
(22) Two items are omitted in each of the following four lists of income statement data. Determine the amounts of the missing items, identifying them by letter. sales $463,400 (b) $1,295,000 (d) cost of merchandise (a) 410,000 (c) 900,000 gross profit 83,500 $277,500 275,000 600,000
Income Statement for a Manufacturing Company Two items are omitted from each of the following three...
Income Statement for a Manufacturing Company Two items are omitted from each of the following three lists of cost of goods sold data from a manufacturing company income statement. Determine the amounts of the missing items, identifying them by letter. Finished goods inventory, June 1 Cost of goods manufactured Cost of finished goods available for sale $74,800 336,600 (a) 79,800 (b) 83,700 $131,500 $23,900 (C) $227,100 47,700 (d) ÖN Finished goods inventory, June 30 Cost of goods sold $121,000
Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing. 2019 2020 2021 Sales revenue $291,720 $ $406,940 Sales returns and allowances (11,810) (12,120) Net sales 349,189 Beginning inventory 19,560 30,270 Ending inventory Purchases 258,540 296,630 Purchase returns and allowances Freight-in Cost of goods sold Gross profit on sales (4,560) 7,200 (233,850) (7,710) 9,660 (9,040) 12,630 (294,728) 46,060 90,160 91,140
Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing. 2019 2020 2021 Sales revenue $292,550 $410,470 Sales returns and allowances (10,040) (12,050) Net sales 345,778 Beginning inventory 20,230 32,760 Ending inventory Purchases 260,310 297,101 Purchase returns and allowances (4,960) (8,640) (10,920) Freight-in 7,970 8,460 11,900 Cost of goods sold (236,970) (295,504) Gross profit on sales 45,540 90,810 103,170
Exercise 8-06 Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing. 2019 2020 2021 Sales revenue $290,150 (10,340) Sales returns and allowances 357168 (13,000) 344,168 31,800 $413,850 (15820) 398030 Net sales 279810 21,130 Beginning inventory Ending inventory Purchases Purchase returns and allowances Freight-in Cost of goods sold Gross profit on sales 300940 275090 (4,740) 7,460 (234,220) 45,590 275968 260,890 (8,590) 8,500 (167220) 93,580 299,310 (9,690) 12,110...
gnment CALCULATOR Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing. 2016 2017 2018 Sales revenue $290,990 $406,460 Sales returns and allowances (11,310) (13,570) Net sales 348,422 Beginning inventory 18,810 30,350 Ending inventory 261,520 (8,210) 9,340 Purchases Purchase returns and allowances Freight-in Cost of goods sold Gross profit on sales (4,790) 8,610 (231,970) 47,710 296,357 (10,760) 13,020 (292,188) 91,540 85,860
*Exercise 8-6 Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing. 2017 2018 2016 $288,820 Sales revenue $410,020 Sales returns and allowances (11,060) (13,430) Net sales 348,998 Beginning inventory 19,210 33,650 Ending inventory Purchases Purchase returns and allowances Freight-in Cost of goods sold Gross profit on sales (5,040) 8,110 (235,200) 261,470 (7,800) 8,410 298,835 (10,240) 12,600 (293,080) 96,640 42,560 95,570
Exercise 8-06 Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing. 2020 2019 $287,390 (12,020) 2021 $407,960 Sales revenue Sales returns and allowances Net sales (12,550) 349,848 33,500 19,750 Beginning inventory Ending inventory Purchases 260,460 (7,200) 8,660 Purchase returns and allowances Freight-in Cost of goods sold Gross profit on sales (4,770) 8,350 (231,210) 44,160 297,376 (10,980) 13,080 (291,795) 102,340 94,480
Exercise 8-06 Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing. 2020 2019 $288,820 (11,060) 2021 $410,020 Sales revenue Sales returns and allowances Net sales (13,430) 348,998 33,650 Beginning inventory 19,210 Ending inventory Purchases Purchase returns and allowances Freight-in Cost of goods sold Gross profit on sales 261,470 (7,800) 8,410 (5,040) 8,110 (235,200) 42,560 298,835 (10,240) 12,600 (293,080) 96,640 95,570
Exercise 8-06 Your answer is partially correct. Try again. Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missi 2020 2021 2019 $290,040 Sales revenue 358221 $412,060 Sales returns and allowances (12,080) -23436 Net sales (13,370) 344,851 33,580 277960 20,500 388624 Beginning inventory 44139 YRIR Ending inventory -33580 -44139 Purchases 258,490 Purchase returns and allowances (4,650) (7,650) Freight-in 7,840 9,070 Cost of goods sold (230,630) -249351 Gross...
Income Statement for a Manufacturing Company Two items are omitted from each of the following three lists of cost of goods sold data from a manufacturing company income statement. Determine the amounts of the missing items, identifying them by letter. Finished goods inventory, June 1 Cost of goods manufactured Cost of finished goods available for sale $74,800 336,600 (a) 79,800 (b) 83,700 $131,500 $23,900 (C) $227,100 47,700 (d) ÖN Finished goods inventory, June 30 Cost of goods sold $121,000
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