2. A. In your Workbook, complete the chart below by filling in the missing figures. Year 2 Year 3 Year 1 100 units Year 3 900 units Beginning inventory Merchandise purchased Goods available for sale Merchandise sold Ending inventory 800 units 1 000 units 800 units 50 units 300 units B. If the units cost $5 each throughout Ymar 3, work out the Cost of Goods Sold section of the income statement. 3. For each of the following, calculate the cost of goods sold and the gross profit. 1. 2. 3. 4. 5. Sales $125 000 $750 585 $288 635 $174 000 $255 324 Beginning Inventory 32 000 85 600 65 550 33 800 48 500 Purchases 74 250 410 360 110 357 82 640 150 650 Ending Inventory 33 500 88 300 60 548 33 500 50 300
