Question Details

Three items are missing 


Three items are missing in each of the following columns and are identified by letter.
Sales $ (a) $840,000
Sales returns and allowances 25,000 20,000
Sales discounts 10,000 15,000
Net sales 420,000 (d)
Beginning inventory (b) 300,000
Cost of goods purchased 220,000 (e)
Ending inventory 170,000 303,000
Cost of goods sold 260,000 555,000
Gross profit (c) (f)
Instructions
Calculate the missing amounts and identify them by letter.




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