eztomheducation.com Weok 7 - Cash Week 7 - inventory Pt 1 connect. BA 211 Financ
ID: 2565233 • Letter: E
Question
eztomheducation.com Weok 7 - Cash Week 7 - inventory Pt 1 connect. BA 211 Financial Accounting: BA 211-004 F17 ACCOUNTING Week 7 - Inventory Pt Question 3 (of 8) E6-6 Inferring Missing Amounts Based on Income Statement Relationships [LO 6-2, LO 6-5] Supply the missing dollar amounts for oach of the following independent cases. Sales Beginning Purchases Total Ending Cost of Gross Available Inventory Goods Sold Profit Selling and General from A 3,800 1,100$ 450 1,550$ 250 450 400 650 500 1,51 810 1,200 2,01 250 600 700 700 1.010 1.520 1,160 800 350 Hints ReferenceseBook & Resources HotExplanation / Answer
sales revenue
beginning inventory
purchase
total available
ending inventory
cost of goods sold = beginning inventory+purchases-ending inventory
gross profit = sales-cogs
selling expenses
income from operations = gross profit-selling expenses
A
3800
1100
450
1550
250
1300
2500
450
2050
B
1510
810
1200
2010
1150
860
650
400
250
C
1710
600
800
1400
700
700
1010
650
360
D
1520
310
1160
1470
800
670
850
500
350
B-
cost of goods sold
sales revenue-gross profit
1510-650
860
ending inventory
total available inventory-cost of goods sold
2010-860
1150
C-
sales
gross profit+cogs
1010+700
1710
total available
cogs+ending inventory
700+700
1400
purchases
total available-beginning inventory
1400-600
800
D
cost of goods sold
sales-gross profit
1520-850
670
total available
ending inventory+cogs
800+670
1470
beginning inventory
total available-purchases
1470-1160
310
sales revenue
beginning inventory
purchase
total available
ending inventory
cost of goods sold = beginning inventory+purchases-ending inventory
gross profit = sales-cogs
selling expenses
income from operations = gross profit-selling expenses
A
3800
1100
450
1550
250
1300
2500
450
2050
B
1510
810
1200
2010
1150
860
650
400
250
C
1710
600
800
1400
700
700
1010
650
360
D
1520
310
1160
1470
800
670
850
500
350
B-
cost of goods sold
sales revenue-gross profit
1510-650
860
ending inventory
total available inventory-cost of goods sold
2010-860
1150
C-
sales
gross profit+cogs
1010+700
1710
total available
cogs+ending inventory
700+700
1400
purchases
total available-beginning inventory
1400-600
800
D
cost of goods sold
sales-gross profit
1520-850
670
total available
ending inventory+cogs
800+670
1470
beginning inventory
total available-purchases
1470-1160
310
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.