Mathematics, 20.05.2021 19:20 youcandoit13
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Blake Distributors had a beginning inventory for June of $100,000. They purchased $25,000 in goods during the month. Their income from sales was $200,000 with $10,000 in returns. Their ending inventory was $30,000. Their operating expenses were $50,000.
a. What was the amount of goods available for sale during June?
b. What was the cost of goods sold?
c. What was 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?
Answers: 3
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