Fill in the blanks: | |||
YEAR | 2019 | 2020 | 2021 |
Sales revenue | 288820 | 362428 | 410020 |
Sales returns and allowances | -11060 | -13430 | -20300 |
Net sales | 277760 | 348998 | 389720 |
Beginning inventory | 19210 | 33650 | 42302 |
Ending inventory | 33650 | 42302 | 50417 |
Purchases | 246570 | 261470 | 298835 |
Purchase returns and allowances | -5040 | -7800 | -10240 |
Freight in | 8110 | 8410 | 12600 |
Cost of goods sold | -235200 | -253428 | -293080 |
Gross profit on sales | 42560 | 95570 | 96640 |
COGS = B.INV. + PUR - PUR RETURN + FREIGHT IN - E.INV. | |||
Net Sales = COGS + GP |
Exercise 8-06 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 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. 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...
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
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
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 Click if you would like to Show...
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...
O , > Assignments > Chapter 8 Exercises Chapter 8 Exercises Send to Gradebook Question 11 View Policies Current Attempt in Progress e and al 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 Ss Sales revenue $290,220 S $406,640 Sales returns and allowances (10,120) (13,630) Net sales 347,802 oport Beginning inventory 21500 30,300 Ending inventory 258,310 297477 Purchases (7.370) 8,240 (10,330) 11,340...
(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