Please solve the following Supply the missing dollar amounts
Please solve the following
Solution
Total Available = Beginning Inventory + Purchases
Cost of Goods Sold = Total Available - Ending Inventory
Gross Profit = Sales Revenue - Cost of Goods Sold
Income from Operations = Gross Profit - Selling and General Expenses.
Evergreen Company:
Net Sales: $ 9,195.80
In the books of Evergreen Company:
| Cases | Sales Revenue | Beginning Inventory | Purchases | Total Available | Ending Inventory | Cost of Goods Sold | Gross Profit | Selling and General Expenses | Income from Operations |
| A | $ 5,000 | $ 1,500 | $ 350 | $ 1,850 | $ 150 | $ 1,700 | $ 3,300 | $ 550 | $ 2,750 |
| B | 1,750 | 1,050 | 1,400 | 2,450 | 1,550 | 900 | 850 | 500 | 350 |
| C | 2,150 | 800 | 1,000 | 1,800 | 900 | 900 | 1,250 | 850 | 400 |
| D | 1,800 | 350 | 1,400 | 1,750 | 1,000 | 750 | 1,050 | 600 | 450 |
