Given the following and Using the Gross Profit Method, fill in the missing numbers Show all calculations
Full Year, Last Yr
1st 6 Mos, this yr
Cost of GSBeg Invent
Cost of Invent Avail for Sale
Less cost of ending invent
Cost of Goods Sold 9,352,500
2,244,633 4,422,100 3,255,490 6,320,175 Gross Margin 3,032,325 Oper Expenses 2,463,842 Oper Income/Loss 568,483 1,399,000
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