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

Q: McMillan Company uses the periodic inventory system. It has compiled the following information in…

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Q: company has the following information in its records. Certain data have been intentionally omitted…

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Q: Please do not give solution in image format thanku

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.