Gulf coast boat sales had a beginning inventory for june of $1,500,000. they purchased $275,000 in goods during june. their income from sales was $900,000 with 15,500 in returns. their ending inventory was 1,200,000. their operating expenses were $80,000.
a) what was the amount of goods available for sales?
b)what was the coast of goods sold?
c)what were the net sales?
d)what was the gross profit?
e) was there an excess or deficit?
f) what was the net profit or net loss?
show your work