[See Solution] Les Fleurs, a boutique in Paris, France, had the following accounts in its accounting records at December 31, 20X2 (amounts in Euros, denoted as
Question: 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, 20X1….. | 20,000 | Purchase discounts…. | 3,000 |
| December 31, 20X2….. | 30,000 | Sales returns…………. | 8,000 |
Compute the following for Les Fleurs during 20X2: (Do not convert the figures to US dollars.)
- Net sales revenue
- Cost of goods sold
- Gross profit
Deliverable: Word Document 
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