Business, 21.04.2020 01:47 ugtguytu8528

The following information relates to Payleast Shoes Company. Assuming the company uses the periodic inventory system, solve for the missing amounts a through m for years 2020 through 2022. Do not use negative signs in your answers. Round gross profit percentage to the nearest whole percentage point.

2022 2021 $110.000 $130,000 $90,000 12000 70,000 6,000 82.500 5.000 2.500 Net Sales Beginning inventory Purchases gross) Purchase returns and allowances Purchase discounts Freight in Cost of goods available for sale Ending inventory Cost of sales Gross profit Gross profit percentage 99,000 8,800 1,900 10,000 4,000 3,000 93.500 A 15.000 E 26,000 75.500 39,700

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