Cost of Goods Sold Gross Sales Net Sales Beg Inventory Purchases Inventory Ending Profit Net Sales returns (Loss) 1 5,000 80,000 24,000 130,000 38,000 2 126,000 6,000 48,000 145,000 46,500 3. 7,200 264,800 167,000 62,800 186,200 4 345,000 8,600 114,000 141,000 179,000
Cost of Goods Sold Gross Sales Net Sales Beg Inventory Purchases Inventory Ending Profit Net Sales returns (Loss) 1 5,000 80,000 24,000 130,000 38,000 2 126,000 6,000 48,000 145,000 46,500 3. 7,200 264,800 167,000 62,800 186,200 4 345,000 8,600 114,000 141,000 179,000
Chapter1: Financial Statements And Business Decisions
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