Presented below are the components in determining cost of goods sold. Determine the missing amounts. ta Beginning Inventory $70,000 $40,000 (e) $ Purchases $90,000 $100,000 (c) $ Cost of Goods Available for Sale $105,000 $150,000 (a)

Presented below are the components in determining cost of goods sold. Determine the missing amounts. ta Beginning Inventory $70,000 $40,000 (e) $ Purchases $90,000 $100,000 (c) $ Cost of Goods Available for Sale $105,000 $150,000 (a)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

GA
$
Ending
Inventory
$25,000
$19,000
(b)
$
Cost of
goods sold
$110,000
(d)
(f)

Presented below are the components in determining cost of goods sold. Determine the missing amounts.
$
Beginning
Inventory
$70,000
$40,000
(e)
$
Purchases
$90,000
$100,000
(c)
$
Cost of Goods
Available for Sale
$105,000
$150,000
(a)

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