Solved

Find the Missing Values in Each of the Following Independent

Question 100

Essay

Find the missing values in each of the following independent scenarios: 1234 Beginning inventory $12,500$225,000$187,500 Purchases 232,00075,000762,500 Ending inventory 11,7506,400212,500 Cost of goods sold 75,800940,000757,500 Sales 112,000975,000 Gross margin 142,250128,000\begin{array}{lrrrr}&1&2&3&4\\\text { Beginning inventory } & \$ 12,500 & & \$ 225,000 & \$ 187,500 \\\text { Purchases } & 232,000 & 75,000 & & 762,500 \\\text { Ending inventory } & 11,750 & 6,400 & 212,500 & \\\text { Cost of goods sold } & & 75,800 & 940,000 & 757,500 \\\text { Sales } & & 112,000 & & 975,000\\\text { Gross margin }&142,250&&128,000\end{array}

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions