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Business, 15.04.2020 19:17 robert7248

Exercise 8-06 Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing. 2019 2020 2021 Sales revenue $290,040 $ $412,060 Sales returns and allowances (12,080) (13,370) Net sales 344,851 Beginning inventory 20,500 33,580 Ending inventory Purchases 258,490 295,577 Purchase returns and allowances (4,650) (7,650) (9,510) Freight-in 7,840 9,070 12,000 Cost of goods sold (230,630) (291,474) Gross profit on sales 47,330 95,500 97,150

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Exercise 8-06 Two or more items are omitted in each of the following tabulations of income statement...
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