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Compute the missing amounts. Miami Company Orlando Company Sales $200,000 (D) Cost

Compute the missing amounts. Miami Company Orlando Company Sales $200,000 (D) Cost

 Compute the missing amounts.

 

Miami Company

Orlando Company

Sales

$200,000

(D)

Cost of Goods Sold

 

 

   Beginning Inventory

(A)

60,000

   Purchases and Freight-In

118,000

(E)

   Cost of goods available for sale

(B)

180,000

   Ending Inventory

4,000

4,000

   Cost of goods sold

120,000

(F)

Gross Margin

80,000

224,000

Selling and Administrative Expenses

(C)

170,000

Operating Income

24,000

(G)A

Tripti 07-Dec-2019

Answer (UnSolved)

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