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Applying the Cost of Goods Sold Model The tollowing amounts were obtained from Starmick Company's...

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Accounting

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Applying the Cost of Goods Sold Model The tollowing amounts were obtained from Starmick Company's accourting records. 2016 2017 Net sales $381,220 4423,150 Cost of goods sold: Beainning Inventony $36, 800 296,700 Goods avallable for sale Ending Inventory Cost of goods sold 41,870 295,200 Gross margin $112,450 Ca) Requtred Compute the missing amounts. Input your anwers as positive numbers 2016 2017 Net sale: $381,220 5423,150 Cost of goacs sold Becinning 535,800 Inventony Rurchases 296,700 available 52 e 41,870 inventory 295, 200

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