Business, 08.04.2021 22:20 mazolethrin3461
Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing.
2019 2020 2021
Sales revenue $292,090 $413,950
Sales returns and allowances (10,530) (13,790) (17847)
Net sales 281560 345,615 396103
Beginning inventory 19,340 34,400
Ending inventory 34400 43065 49896
Purchases 247720 260,690 297,524
Purchase returns and allowances (4,760) (7,410) (10,070)
Freight-in 8,790 11,900
Cost of goods sold (236,690) (252735) (292,523)
Gross profit on sales 44,870 92,880
Answers: 1
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Two or more items are omitted in each of the following tabulations of income statement data. Fill in...
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