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Applying the Cost of Goods Sold Model The following amounts were obtained from the accounting records of Enderle Company:                                                2019                 2020               2021 Beginning inventory             $38,900                (b)                 (d) Net purchases                          (a)                 $71,200         $91,820 Ending inventory                 $42,100                (c)               $42,350 Cost of goods sold              $ 83,500            $90,800             (e) Required: Next Level Compute the missing amounts.

Applying the Cost of Goods Sold Model The following amounts were obtained from the accounting records of Enderle Company:                                                2019                 2020               2021 Beginning inventory             $38,900                (b)                 (d) Net purchases                          (a)                 $71,200         $91,820 Ending inventory                 $42,100                (c)               $42,350 Cost of goods sold              $ 83,500            $90,800             (e) Required: Next Level Compute the missing amounts.

FINANCIAL ACCOUNTING
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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Applying the Cost of Goods Sold Model The following amounts were obtained from the accounting records of Enderle Company:

                                               2019                 2020               2021

Beginning inventory             $38,900                (b)                 (d)

Net purchases                          (a)                 $71,200         $91,820

Ending inventory                 $42,100                (c)               $42,350

Cost of goods sold              $ 83,500            $90,800             (e)

Required: Next Level Compute the missing amounts.

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