BE5.1 (LO 1), AP The following are the components in determining cost of goods sold. Determine the missingamounts.InstructionsCompute missing amounts in determining cost of goods sold.Cost of GoodsBeginningInventoryCost of GoodsPurchasesEnding InventoryAvailable for SaleSolda.$80,000$100,000$120,000b.$50,000SI15,000S35,000c.S110,000S160,000$29,00010DashboardCalendarTo DoNotificationsInbox

BES.1 (LO 1), AP The following are the components in determining cost of goods sold. Determine the missing amounts. Instructions Compute missing amounts in determining cost of goods sold. Beginning Inventory Cost of Goods Cost of Goods Purchases Ending Inventory Available for Sale Sold $80,000 S100,000 $120,000 $50,000 SI15,000 $35,000 S110,000 $160,000 $29,000

BES.1 (LO 1), AP The following are the components in determining cost of goods sold. Determine the missing amounts. Instructions Compute missing amounts in determining cost of goods sold. Beginning Inventory Cost of Goods Cost of Goods Purchases Ending Inventory Available for Sale Sold $80,000 S100,000 $120,000 $50,000 SI15,000 $35,000 S110,000 $160,000 $29,000

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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E9-9 Required: Determine the missing amounts. Cost of Gross Sales Net Ending Goods Profit Beg returns Sales Inventory Purchases Inventory Net Sales Sold (Loss) 1 5,000 80,000 24,000 130,000 38,000 2 126,000 6,000 48,000 145,000 46,500 3 7,200 264,800 167,000 62,800 186,200 4 345,000 8,600 114,000 141,000 179,000 5 468,000 458,800 155,000 270,000 228,000
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Can anyone help me these question, PA11 and PA12?
Find COGS?
Q: If the cost of an item of inventory is $52.00 and the current replacement cost is $68.00, what is the amount included in inventory according to the lower of cost or market? a. $120.00 b. $52.00 c. $16.00 d. $68.00
Supply the missing dollar amounts for each of the following independent cases:
Given the following: Numberpurchased Costper unit Total January 1 inventory 32 $ 4 $ 128 April 1 52 6 312 June 1 42 7 294 November 1 47 8 376 173 $ 1,110 a. Calculate the cost of ending inventory using the FIFO (ending inventory shows 53 units). b. Calculate the cost of goods sold using the FIFO (ending inventory shows 53 units).
what is the value of a, b, c, and d?
Please do not give solution in image format thanku
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