Homework answers / question archive / lestion 6 tyet wered arked out of 2000 Fag question Sales revenue Sales returns and allowances Sales Discount Net sales Beginning inventory Ending inventory Purchases Purchase returns and allowances Freight-in Cost of goods sold Gross profit 2018 2019 2020 $320,000 $? $370,000 $15,000 $10,000 ? $5,000 $6,000 $2,000 $300,000 $354,000? $45,000 $60,000? $60,000 ? ? ? $300,000 $500,000 $3,000 $10,000 $5,000 $6,000 $5,000 $10,000 $250,000? $250,000 $50,000 $50,000 $95,000 Required: Based on the above given information answer the following questions 1

lestion 6 tyet wered arked out of 2000 Fag question Sales revenue Sales returns and allowances Sales Discount Net sales Beginning inventory Ending inventory Purchases Purchase returns and allowances Freight-in Cost of goods sold Gross profit 2018 2019 2020 $320,000 $? $370,000 $15,000 $10,000 ? $5,000 $6,000 $2,000 $300,000 $354,000? $45,000 $60,000? $60,000 ? ? ? $300,000 $500,000 $3,000 $10,000 $5,000 $6,000 $5,000 $10,000 $250,000? $250,000 $50,000 $50,000 $95,000 Required: Based on the above given information answer the following questions 1

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lestion 6 tyet wered arked out of 2000 Fag question Sales revenue Sales returns and allowances Sales Discount Net sales Beginning inventory Ending inventory Purchases Purchase returns and allowances Freight-in Cost of goods sold Gross profit 2018 2019 2020 $320,000 $? $370,000 $15,000 $10,000 ? $5,000 $6,000 $2,000 $300,000 $354,000? $45,000 $60,000? $60,000 ? ? ? $300,000 $500,000 $3,000 $10,000 $5,000 $6,000 $5,000 $10,000 $250,000? $250,000 $50,000 $50,000 $95,000 Required: Based on the above given information answer the following questions 1. What is the value of the ending inventory for the year 2018? The value of the ending inventory for the year 2018 is equal to 2. What is the value of the cost of goods purchased for the year 2018? o The value of the cost of goods purchased for the year 2018 is equal to 3. What is the value of the cost of goods available for sale for the year 2019? The value of the cost of goods available for sale for the year 2019 is equal to 4. What is the value of the cost of goods sold for sale for the year 2019? -
J-Eclass Freight-in Cost of goods sold Gross profit 36,000 $5,000 $10,000 $250,000? $250,000 $50,000 $50,000 $95,000 Required: Based on the above-given information, answer the following questions: 1. What is the value of the ending inventory for the year 2018? • The value of the ending inventory for the year 2018 is equal to 2. What is the value of the cost of goods purchased for the year 2018? o The value of the cost of goods purchased for the year 2018 is equal to 3. What is the value of the cost of goods available for sale for the year 2019? The value of the cost of goods available for sale for the year 2019 is equal to 4. What is the value of the cost of goods sold for sale for the year 2019? The value of the cost of goods sold for the year 2019 is equal to What is the value of net sales for the year 2020? The value of the net sales for the year 2020 is equal to 6. What is the value of the ending inventory for the year 20207 The value of the ending inventory for the year 2020 is equal to