E5-16 Computing inventory and cost of goods sold amounts [10–15 min]
Consider the following incomplete table of merchandiser’s profit data:
Sales Sales Net Cost of Gross profit
discounts sales goods sold
$89,500 $1,560 $87,940 $60,200 (a)
103,600 (b) 99,220 (c) $34,020
66,200 2,000 (d) 40,500 (e)
(f) 2,980 (g) 75,800 36,720
Requirement
1. Calculate the missing table values to complete the table
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