Compute the missing amounts for the income statement for each independent case. $$\begin{array} { l r c r }
& \text { Case A } & \text { Case B } & \text { Case C } \
\text { Sales revenue } & \$ 800 & \$ 800 & \
\text { Beginning inventory } & 100 & & \$ 90 \
\text { Purchases } & 500 & 420 & \
\text { Total goods available } & & & \
\text { for sale } & & & \
\text { Ending inventory } & 150 & 110 & 160 \
\text { Cost of goods sold } & & & 340 \
\text { Gross margin } & & & \
\text { Expenses } & 300 & 400 & 420 \
\text { Net Income } & & ( 50 ) & 60
\end{array}$$

Question

Compute the missing amounts for the income statement for each independent case. $$\begin{array} { l r c r } 
& \text { Case A } & \text { Case B } & \text { Case C } \
\text { Sales revenue } & \$ 800 & \$ 800 & \
\text { Beginning inventory } & 100 & & \$ 90 \
\text { Purchases } & 500 & 420 & \
\text { Total goods available } & & & \
\text { for sale } & & & \
\text { Ending inventory } & 150 & 110 & 160 \
\text { Cost of goods sold } & & & 340 \
\text { Gross margin } & & & \
\text { Expenses } & 300 & 400 & 420 \
\text { Net Income } & & ( 50 ) & 60
\end{array}$$

Quizplus · Accepted Answer

The Answer of Compute the missing amounts for the income statement for each independent case. $$\begin{array} { l r c r } 
& \text { Case A } & \text { Case B } & \text { Case C } \
\text { Sales revenue } & \$ 800 & \$ 800 & \
\text { Beginning inventory } & 100 & & \$ 90 \
\text { Purchases } & 500 & 420 & \
\text { Total goods available } & & & \
\text { for sale } & & & \
\text { Ending inventory } & 150 & 110 & 160 \
\text { Cost of goods sold } & & & 340 \
\text { Gross margin } & & & \
\text { Expenses } & 300 & 400 & 420 \
\text { Net Income } & & ( 50 ) & 60
\end{array}$$

Compute the Missing Amounts for the Income Statement for Each