Complete the missing piece of information involving the changes in inventory, and their relationship to goods availab for sale, for the two years shown: 2021 2022 Beginning inventory $9,000 $7,000 Purchases 20,000 3,500 Goods available for sale $29,000 $ Ending inventory 7,000 Cost of goods sold $4 $8,700 %24

Complete the missing piece of information involving the changes in inventory, and their relationship to goods availab for sale, for the two years shown: 2021 2022 Beginning inventory $9,000 $7,000 Purchases 20,000 3,500 Goods available for sale $29,000 $ Ending inventory 7,000 Cost of goods sold $4 $8,700 %24

Name: Complete the missing piece of information involving thechanges in inv
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Description: Complete the missing piece of information involving thechanges in inventory, and their relationship to goods availablefor sale, for the two years shown:20212022Beginning inventory$9,000$7,000Purchases20,0003,500Goods available for sale$29,000 $Endin

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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Complete the missing piece of information involving the changes in inventory, and their relationship to goods available for sale, for the two years shown: 2021 2022 Beginning inventory $11,000 $7,200 Purchases 22,000 2,500 Goods available for sale $33,000 $fill in the blank 1 Ending inventory 7,200 fill in the blank 2 Cost of goods sold $fill in the blank 3 $8,100
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