See the following separate cases.
Case #1 Case #2
Sales $1,000 $1,300
Cost of goods manufactured A 500
Finished goods inventory (beginning balance) 100 D
Finished goods inventory (ending balance) 150 200
Cost of goods sold B 600
Gross margin 300 E
Selling expenses C 75
Administrative expenses 50 40
Operating income 200 F
Required: Solve for the missing amounts (A, B, C, D, E, and F).

Question

Quizplus · Accepted Answer

The Answer of See the following separate cases.
Case #1 Case #2
Sales $1,000 $1,300
Cost of goods manufactured A 500
Finished goods inventory (beginning balance) 100 D
Finished goods inventory (ending balance) 150 200
Cost of goods sold B 600
Gross margin 300 E
Selling expenses C 75
Administrative expenses 50 40
Operating income 200 F
Required: Solve for the missing amounts (A, B, C, D, E, and F).

See the Following Separate Cases