Les Fleurs, a boutique in Paris, France, had the following accounts in its accounting records at December 31, 20X2 (amounts in Euros, denoted as "E") Purchases………………... E250,000 Freight In……………… E8,000 Sales discounts…………. 4,000 Purchase returns…….. 7,000 Inventory Sales…………………. 400,000 December 31, 2001….. 20,000 Purchase discounts…. 3,000 December 31, 2002….. 30,000 Sales returns…………. 8,000 Compute the following for Les Fleurs during 2002: (Do not convert the figures to US dollars.)
1. Net sales revenue
2. Cost of goods sold
3. Gross profit
