Answered: Beginning Inventory Purchases…

Name: Presented below are the components in determining cost of goods sold.D
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Description: Presented below are the components in determining cost of goods sold.Determine the missing amounts. BeginningInventory Purchases Cost of GoodsAvailable for Sale EndingInventory Cost ofGoods Sold(a) $79,400 $102,500 $111,000 (b) $47,400

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Beginning Inventory Purchases Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold (a) $79,400 $102,500 $111,000 (b) $47,400 $111,000 $35,300 (c) $120,000 $159,000 $29,000

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter5: Accounting For Retail Businesses

Section: Chapter Questions

Problem 40E: Identify items missing in determining cost of goods sold For (a) through (e), identify the items...

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Presented below are the components in determining cost of goods sold.Determine the missing amounts. BeginningInventory Purchases Cost of GoodsAvailable for Sale EndingInventory Cost ofGoods Sold (a) $79,500 $106,900 $116,000 (b) $46,800 $115,000 $35,500 (c) $111,000 $155,000 $30,300
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	Beginning Inventory	Purchases	Cost of Goods Available for Sale	Ending Inventory	Cost of Goods Sold
(a)	$79,400	$102,500			$111,000
(b)	$47,400		$111,000	$35,300
(c)		$120,000	$159,000	$29,000