1.
Data Table Beginning Net Ending Cost of Gross Profit Company Epperson $240,000 $41,000 $
120,000 $ Griffith Norse Victory Net Sales nventory Purchases Inventory Goods Sold 39,000
20,000 21,000 137,000 28,000 41,000 55,000 33,000 60,000 35,000 37,000 80,000 10,000 Print
Done
Solution
Part A
Calculations :
Part 2
Hope this helps
Epperson Griffith Norse Victory
Begening inventory $ 41,000 $ 28,000 $ 26,000 $ 10,000
net purchases $ 120,000 $ 88,000 $ 55,000 $ 33,000
ending inventory $ 39,000 $ 20,000 $ 21,000 $ 8,000
Cost of goods sold $ 122,000 $ 96,000 $ 60,000 $ 35,000
Net sales $ 240,000 $ 137,000 $ 97,000 $ 80,000
Gross profit $ 118,000 $ 41,000 $ 37,000 $ 45,000