If the cost of inventory purchases was $16.9 billion, what was the cost of shrin

Question

If the cost of inventory purchases was $16.9 billion, what was the cost of shrinkage during 2013? O 6-2 6-5 E6-5 Inferring Missing Amounts Based on Income Statement Relationships Supply the missing dollar amounts for each of the following independent cases Sales Baginning Cost of Goodo Cost of Cost-of $100 200 100 chase Awailable for Sale Goods Sold Ending InventoryGroa Proft $800 eco s 700 S ? 150 300 250 5300 s ? 200 800 1,000 LO 6-2, 6-5 E6-6 Inferring Missing Amounts Based on Income Statement Relationships Supply the missing dollar amounts for each of the following independent

Explanation / Answer

cost of goods available for sale = beginning inventory + purchases cost of goods sold = cost of goods avaialble for sale- ending inventory Gross profit = sales - cost of goods sold Cases Sales Beginning purchases COG COGS ending Gross Revenue inventory Avaialble inventory profit A 700 100 900 1000 300 700 400 B 900 200 800 1000 850 150 50 C 600 100 400 500 200 300 400 D 800 300 600 900 650 250 150 E 1000 50 900 950 500 450 500

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