Question

partial 7 homework i Saved Help Se Supply the missing dollar amounts for each of the following independent cases: Cases Gross Profit А Sales Revenue $ 1,300 1,500 Beginning Purchasee Cost of Goods ventory Purchases A. Inventory Available for Sale $ 700 $ 1,400 800 1,400 700 1,200 650 1,500 Cost of Cost of Goods Sold Ending Inventory 9201 720 800 900 1,250 850 C 1,000 1,420 1,600 1,120 < Prey 2 of 4 !!! Next >

Answer 1

Cases	Sales revenue	Beginning	Purchases	Cost of goods	Cost of	Cost of	Gross Profit
		Inventory		Available for sale	Goods Sold	Ending Inventory
A	$       1,300.00	$   700.00	$   1,400.00	$           2,100.00	$     920.00	$           1,180.00	$     380.00
B	$       1,500.00	$   800.00	$   1,400.00	$           2,200.00	$ 1,480.00	$                720.00	$       20.00
C	$     1,800.00	$   700.00	$ 1,000.00	$           1,700.00	$     800.00	$                900.00	$    1,000.00
D	$       1,420.00	$ 900.00	$   1,200.00	$           2,100.00	$   1,250.00	$                850.00	$     170.00
E	$       1,600.00	$   650.00	$   1,500.00	$           2,150.00	$    480.00	$           1,670.00	$    1,120.00
Explanation
Cost of goods available for sale = Beginning inventory + Purchases
Cost of ending inventory = Cost of goods available for sale - Cost of goods sold
Gross Profit = Sales revenue - Cost of goods sold