Compute the Missing Amounts

question 177

Essay

Compute the missing amounts.
$\begin{array} { | l | c | c | } \hline & \text { Miami Company } & \text { Orlando Company } \\\hline \text { Sales } & \$ 200,000 & ( \mathrm { D } ) \\\hline \text { Cost of Goods Sold } & & \\\hline \text { Beginning Inventory } & ( \mathrm { A } ) & 60,000 \\\hline \text { Purchases and Freight-In } & 118,000 & ( \mathrm { E } ) \\\hline \text { Cost of goods available for sale } & ( \mathrm { B } ) & 180,000 \\\hline \text { Ending inventory } & 4,000 & 4,000 \\\hline \text { Cost of goods sold } & 120,000 & ( \mathrm {~F} ) \\\hline \text { Gross Margin } & 80,000 & 224,000 \\\hline \text { Selling and Administrative Expenses } & ( \mathrm { C } ) & 170,000 \\\hline \text { Operating Income } & 24,000 & ( \mathrm { G } ) \\\hline\end{array}$

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Definitions:

No-Load Voltage

The voltage of an electrical device or circuit when no load is connected, representing its maximum voltage output.

Internal Resistance

The resistance inherent to a power source.

Cell

The basic structural, functional, and biological unit of all living organisms, or a device that converts chemical energy into electrical energy in a battery.

Specific Gravity

A dimensionless number that describes the ratio of the density of a substance to the density of a reference substance, typically water at 4 °C.