BeginningInventory Purchases Cost of GoodsAvailable for Sale EndingInventory Cost ofgoods sold $ 87,000 $ 117,000 $ (a) $ (b) $ 127,000 $ 56,000 $ (c) $ 121,000 $ 40,000 $ (d)$ (e) $ 107,000 $ 167,000 Presented below are the components in determining cost of goods sold. Determine the missing amounts.BeginningCost of GoodsInventoryPurchasesAvailable for Sale$ 87,000$ 117,0002$(a)2$$ 56,000$(c)$ 121,0002$(e)$ 107,000$ 167,000 EndingČost ofInventorygoods sold$(b)$ 127,000$ 40,000(d)$ 34,000(f)%24%24%24

Cost of goods sold means actual cost of goods that are being to the outside market or to the…

Answered: Presented below are the components in…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 10PA: Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company,...

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Beginning Inventory		Purchases		Cost of Goods Available for Sale		Ending Inventory		Cost of goods sold
$ 87,000		$ 117,000		$	(a)	$	(b)	$ 127,000
$ 56,000		$	(c)	$ 121,000		$ 40,000		$	(d)
$	(e)	$ 107,000		$ 167,000

Presented below are the components in determining cost of goods sold. Determine the missing amounts. Beginning Cost of Goods Inventory Purchases Available for Sale $ 87,000 $ 117,000 $4 (a) $ 56,000 2$ (c) $ 121,000 2$ (e) $ 107,000 $ 167,000