E8-6B (Determining Merchandise Amounts—Periodic) Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing.
E8-6B (Determining Merchandise Amounts—Periodic) Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing.
2013 2014 2015
Sales $217,500 $ ? $307,500
Sales returns 8,250 9,750 ?
Net sales ? 260,250 ?
Beginning inventory 15,000 24,000 ?
Ending inventory ? ? ?
Purchases ? 195,000 223,500
Purchase returns and allowances 3,750 6,000 7,500
Transportation-in 6,000 6,750 9,000
Cost of goods sold 174,750 ? 219,750
Gross profit on sales 34,500 68,250 72,750
12 years ago
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