determining merchandise amounts periodic two or more items are omitted in each of t 645109
(Determining Merchandise Amounts—Periodic) Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing.
|
2011 |
2012 |
2013 |
|
|
Sales revenue |
$290,000 |
$ ? |
$410,000 |
|
Sales returns and allowances |
6,000 |
13,000 |
? |
|
Net sales |
? |
347,000 |
? |
|
Beginning inventory |
20,000 |
32,000 |
? |
|
Ending inventory |
? |
? |
? |
|
Purchases |
? |
260,000 |
298,000 |
|
Purchase returns and allowances |
5,000 |
8,000 |
10,000 |
|
Freight in |
8,000 |
9,000 |
12,000 |
|
Cost of goods sold |
238,000 |
? |
303,000 |
|
Gross profit on sales |
46,000 |
91,000 |
97,000 |