The following are the components in determining cost of goods sold. Determine the missing amounts. (a) (b) (c) $ Beginning Inventory $82,600 $52,100 $ Purchases $106,100 $ $113,000 Cost of Goods Available for Sale $113,000 $161,000 $ Ending Inventory $33,400 $ $30,200 $ Cost of Goods Sold $120,000

The following are the components in determining cost of goods sold. Determine the missing amounts. (a) (b) (c) $ Beginning Inventory $82,600 $52,100 $ Purchases $106,100 $ $113,000 Cost of Goods Available for Sale $113,000 $161,000 $ Ending Inventory $33,400 $ $30,200 $ Cost of Goods Sold $120,000

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

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The following are the components in determining cost of goods sold.
Determine the missing amounts.
(a)
(b)
(c) $
Beginning
Inventory
$82,600
$52,100 $
Purchases
$106,100 $
$113,000
Cost of Goods
Available for Sale
$113,000
$161,000
$
Ending
Inventory
$33,400
$30,200
$
$
Cost of
Goods Sold
$120,000

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