Fill in the blanks for each of the independent situations below. Company A Compa
ID: 2502782 • Letter: F
Question
Fill in the blanks for each of the independent situations below.
Company A
Company B
Company C
Sales
$343,400
$540,000
Beginning inventory
52,600
90,000
Net purchases
175,300
255,600
Ending inventory
52,200
108,000
63,000
Cost of goods sold
407,000
Gross profit
85,300
98,000
Operating expenses
50,000
48,000
Income before taxes
6,000
Company A
Company B
Company C
Sales
$343,400
$540,000
Beginning inventory
52,600
90,000
Net purchases
175,300
255,600
Ending inventory
52,200
108,000
63,000
Cost of goods sold
407,000
Gross profit
85,300
98,000
Operating expenses
50,000
48,000
Income before taxes
6,000
Explanation / Answer
Company A
Company B
Company C
Sales
261000
$343,400
$540,000
Beginning inventory
52,600
97800
90,000
Net purchases
175,300
255,600
380000
Ending inventory
52,200
108,000
63,000
Cost of goods sold
175700
245400
407,000
Gross profit
85,300
98,000
133000
Operating expenses
79300
50,000
48,000
Income before taxes
6,000
48000
85000
Company A
Company B
Company C
Sales
261000
$343,400
$540,000
Beginning inventory
52,600
97800
90,000
Net purchases
175,300
255,600
380000
Ending inventory
52,200
108,000
63,000
Cost of goods sold
175700
245400
407,000
Gross profit
85,300
98,000
133000
Operating expenses
79300
50,000
48,000
Income before taxes
6,000
48000
85000
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.