Below are the components in determining cost of goods sold. Determine the missing amounts. Beginning Inventory Purchases Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold (a) $84,900 $103,500 $118,000 (b) $52,700 $113,000 $36,700 (c) $109,000 $169,000 $30,700
Below are the components in determining cost of goods sold. Determine the missing amounts. Beginning Inventory Purchases Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold (a) $84,900 $103,500 $118,000 (b) $52,700 $113,000 $36,700 (c) $109,000 $169,000 $30,700
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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Below are the components in determining cost of goods sold. Determine the missing amounts.
Beginning Inventory |
Purchases | Cost of Goods Available for Sale |
Ending Inventory |
Cost of Goods Sold |
|
(a) | $84,900 | $103,500 |
|
$118,000 | |
(b) | $52,700 | $113,000 | $36,700 | ||
(c) | $109,000 | $169,000 | $30,700 |
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