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Les Fleurs, a boutique in Paris, France, had the following

Financial items of an organization

Les Fleurs, a boutique in Paris, France, had the following
accounts in its accounting records at December 31, 2002 (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 2002: (Do not
convert the figures to US dollars.)

Net sales revenue

Cost of goods sold

Gross profit

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