FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Complete the missing piece of information involving the
changes in inventory, and their relationship to goods available
for sale, for the two years shown:
2021
2022
Beginning inventory
$9,000
$7,000
Purchases
20,000
3,500
Goods available for sale
$29,000 $
Ending inventory
7,000
Cost of goods sold
$
$8,700
%24
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Transcribed Image Text:Complete the missing piece of information involving the changes in inventory, and their relationship to goods available for sale, for the two years shown: 2021 2022 Beginning inventory $9,000 $7,000 Purchases 20,000 3,500 Goods available for sale $29,000 $ Ending inventory 7,000 Cost of goods sold $ $8,700 %24
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