| 2013 | 2014 | ||
| Beginning inventory | (b) | (d) | |
| sales | 220,000 | (f) | |
| purchases | 118,000 | 140,000 | |
| purchase returns | 2000 | 3000 | |
| ending inventory | 48000 | 74000 | |
| sales returns | 1000 | 3000 | |
| gross profit | (a) | 77000 | |
| cost of goods sold | 106000 | (e) | |
| expenses | 65000 | 62000 | |
| net income | (c | 15000 | |
| Fill in the blanks lettered a through f | |||
12 years ago
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- p3-4_sol.xlsx