A company has the following information in its records. Certain data have been intentionally omitted ($ in thousands). Required: Determine the missing numbers. Note: Enter all amounts as positive numbers. Enter your answers in thousands. Beginning inventory Cost of goods sold Ending inventory Cost of goods available for sale Purchases (gross) Purchase discounts Purchase returns Freight-in 2024 $ $ $ $ $ $ 2025 687 $ $ 2026 $ 235 641 235 $ 199 $ 860 $ 685 976 730 38 $ 35 44 $ 50 $ 34 33 $ 52 $ 36

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A company has the following information in its records. Certain data have been intentionally omitted ($ in thousands).
Required:
Determine the missing numbers.
Note: Enter all amounts as positive numbers. Enter your answers in thousands.
Beginning inventory
Cost of goods sold
Ending inventory
Cost of goods available for sale
Purchases (gross)
Purchase discounts
Purchase returns
Freight-in
2024
$
50
$
$
$
$ 976
$
en
687 $
588
2025
730
55
2
38 $
44 $
33 $
641
$ 235 S
35
2026
$ 235
28
199
$ 860
$ 685
50 $
52 $
34
36
Transcribed Image Text:A company has the following information in its records. Certain data have been intentionally omitted ($ in thousands). Required: Determine the missing numbers. Note: Enter all amounts as positive numbers. Enter your answers in thousands. Beginning inventory Cost of goods sold Ending inventory Cost of goods available for sale Purchases (gross) Purchase discounts Purchase returns Freight-in 2024 $ 50 $ $ $ $ 976 $ en 687 $ 588 2025 730 55 2 38 $ 44 $ 33 $ 641 $ 235 S 35 2026 $ 235 28 199 $ 860 $ 685 50 $ 52 $ 34 36
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