Question

E6A-27 (similar to) Question Help Consider the data of the tollowing companies which use the peniodic inverntory syssem EE (Clck the scon to view the data ) Read the tequrements Requirement 1. Supply the missing amounts for each of the folowing comparies Beginning Ending Requirements Net SalesMerchandise Net Cost of Merchandise Cost ot Geoss Company Revenue ventoryPurchases Inventory Goods Sold Prot 1. Supply the minsing amounts in the preceding t 2. Prepare the income statement for the year ended December 31 2019 tor tanana Company, which uses the penodic mentory system inclue Banana 101,000 $ 16,000 S61,000 15.000 39,000 Banana's operating expenses for the year were 59,000 Enter any number in the edt ields and then click Check Answer Clear Al Check Answer

Answer 1

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Banana Company	Computation of cost of goods sold
Particulars	Amount($)
Net Sales	101,000.00	A
Less: Gross Profit	39,000.00	B
Cost of goods sold	62,000.00	C=A-B
Income Statement	Amount($)
Net Sales	101,000.00
Cost of goods sold	62,000.00
Gross Profit	39,000.00
Operating Expenses	9,000.00
Operating Profit	30,000.00