2. value: 2.50 points E6-6 Inferring Missing Amounts Based on Income Statement R

Question

2. value: 2.50 points E6-6 Inferring Missing Amounts Based on Income Statement Relationships [LO 6-2, LO 6-5] Supply the missing dollar amounts for each of the following independent cases. Gross Profit Selling and General Expenses Operations Income from Cost of Ending Sales Beginning Purchases Available Inventory Total Available Inventory Goods Sold Revenue Inventory 600 550 950 650 | $ 5,600| $ 1,700| $ 300 $ 2,000| $ 100$ 1,900 $3,700| $ 400 1,500 1,000 1,100 1,500 2,670 1,870 2.370 1.940 1,170 1,000 1,370 900 500 1,520 Hints References eB ook & R esources Hint #1

Explanation / Answer

Selling & income sales beginning purchased total ending cogs Gross general from revenue inventory available inventory profit expenses operations CASES A 5,600 1,700 300 2,000 100 1,900 3,700 600 3,100 B 1,870 1,170 1,500 2,670 1,750 920 950 550 400 C. 2,370 900 1,100 2,000 1,000 1,000 1,370 950 420 D 1,940 370 1,520 1890 1,100 790 1150 650 500

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