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See the Following Separate Cases Required: Solve for the Missing Amounts (A,B,C,D,E,and F)

Question 152

Essay

See the following separate cases.  Case #1  Case #2  Sales $1,000$1,300 Cost of goods manufactured A500 Finished goods inventory (beginning balance) 100D Finished goods inventory (ending balance) 150200 Cost of goods sold B600 Gross margin 300E Selling expenses C75 Administrative expenses 5040 Operating income 200 F\begin{array} { l r r } & \text { Case \#1 } & \text { Case \#2 } \\\text { Sales } & \$ 1,000 & \$ 1,300 \\\text { Cost of goods manufactured } & \mathrm { A } & 500 \\\text { Finished goods inventory (beginning balance) } & 100 & \mathrm { D } \\\text { Finished goods inventory (ending balance) } & 150 & 200 \\\text { Cost of goods sold } & \mathrm { B } & 600 \\\text { Gross margin } & 300 & \mathrm { E } \\\text { Selling expenses } & \mathrm { C } & 75 \\\text { Administrative expenses } & 50 & 40 \\\text { Operating income } & 200 & \mathrm {~F}\end{array} Required: Solve for the missing amounts (A,B,C,D,E,and F).

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