HeadingontParagraphStylesCalculate the missing amounts of inventory in each of the following scenarios:Beginning Inventory$62,500.00$22,500.00$12,000.00PurchasedSoldEnding Inventory???????Beginning Inventory (not a mistake)Purchased$200,000.00$300,000.00$ ??????????????SoldEnding Inventory$210,000.00$25,000,00$40,000.00S ????????$ 20,000.00Beginning InventoryPurchasedSoldEnding Inventory (not a mistake)Beginning Inventory$30,000.00$????????$22,000.00PurchasedSoldEnding Inventory (not a mistake)$1,000.00

Name: HeadingontParagraphStylesCalculate the missing amounts of inventory i
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Description: HeadingontParagraphStylesCalculate the missing amounts of inventory in each of the following scenarios:Beginning Inventory$62,500.00$22,500.00$12,000.00PurchasedSoldEnding Inventory???????Beginning Inventory (not a mistake)Purchased$200,000.00$300,0

Ending inventory = Beginning inventory + Purchased - Cost of goods sold Cost of goods sold =…

Business

Accounting

Calculate the missing amounts of inventory in each of the following scenarios: Beginning Inventory $62,500.00 $22,500.00 $12,000.00 Purchased Sold Ending Inventory ??????? Beginning Inventory (not a mistake) Purchased $200,000.00 $300,000.00 $ ?????????????? $210,000.00 Sold Ending Inventory $25,000,00 $40,000.00 $ ???????? $ 20,000.00 Beginning Inventory Purchased Sold Ending Inventory (not a mistake) Beginning Inventory $30,000.00 $???????? Purchased $22,000.00 $1,000.00 Sold Ending Inventory (not a mistake)

Calculate the missing amounts of inventory in each of the following scenarios: Beginning Inventory $62,500.00 $22,500.00 $12,000.00 Purchased Sold Ending Inventory ??????? Beginning Inventory (not a mistake) Purchased $200,000.00 $300,000.00 $ ?????????????? $210,000.00 Sold Ending Inventory $25,000,00 $40,000.00 $ ???????? $ 20,000.00 Beginning Inventory Purchased Sold Ending Inventory (not a mistake) Beginning Inventory $30,000.00 $???????? Purchased $22,000.00 $1,000.00 Sold Ending Inventory (not a mistake)

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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Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold Swifty made two errors: 2022 $28,700 191,400 220,100 37.600 $182,500 2021 $20,200 148,900 169,100 28,700 $140,400 1. 2021 ending inventory was overstated by $6,200. 2. 2022 ending inventory was understated by $2,900.
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The following are the components in determining cost of goods sold, Determine the missing amounts. (a) Beginning Inventory Purchases $101,600 $ (b) (c) S $78,100 $54,700 $ Cost of Goods Available for Sale $120,000 $110,000 $151,000 $ Ending Inventory $33,800 $28,800
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