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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

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

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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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
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 $33,000 2$ Ending inventory 7,200 Cost of goods sold $8,100
Transcribed Image Text: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 $33,000 2$ Ending inventory 7,200 Cost of goods sold $8,100
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