I need major help! Gulf Coast Boat Sales had a beginning inventory for June of $1,500,000. They purchased $275,000 in goods during June. Their income from sales was $900,000 with 15,500 in returns. Their ending inventory wa 1,200,00. Their operating expenses were $80,000.

what was the amount of goods available for sale?
What was the cost of goods sold?
What were the net sales?
Was there an excess or deficit?
What was the net profit or net loss?

Question

I need major help! Gulf Coast Boat Sales had a beginning inventory for June of $1,500,000. They purchased $275,000 in goods during June. Their income from sales was $900,000 with 15,500 in returns. Their ending inventory wa 1,200,00. Their operating expenses were $80,000.

what was the amount of goods available for sale?
What was the cost of goods sold?
What were the net sales?
Was there an excess or deficit?
What was the net profit or net loss?