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. 2024 2025 2026 Beginning inventory $ 225 Cost of goods sold $ 681 $ 639 Ending inventory $ 225 $ 195 Cost of goods available for sale $ 966 $ 854 Purchases (gross) $ 720 $ 675 Purchase discounts $ 36 $ 33 Purchase returns Freight-in $ 42 $ 48 $ 32 $ 31 $ 50 $ 34

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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
2025
2026
$ 225
EA
$
681
$ 639
$ 225
$ 195
EA
EA
966
$ 854
$
720
$ 675
$
SASA
36 $
33
$
42
48
$ 32
31
50
$
34
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 2025 2026 $ 225 EA $ 681 $ 639 $ 225 $ 195 EA EA 966 $ 854 $ 720 $ 675 $ SASA 36 $ 33 $ 42 48 $ 32 31 50 $ 34
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