Question 8) Below is a series of cost of goods sold sections for companies A, P. M. M $700 (g) 290 7,410 (h) 8,050 Beginning inventory Purchases Purchases returns and allowances Net purchases Freight-in Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold $375 2,250 195 P $120 1,080 (d) 990 (e) 1,250 1,370 (1) 1,230 (a) 180 (b) 2,610 540 (c) Instructions (no color required): Fill in the lettered blanks to complete the cost of goods sold sections. W $() 32,670 (k) 28,840 1,980 (1) (6) 1,150 7,600 52,180 12,580 39,600
Question 8) Below is a series of cost of goods sold sections for companies A, P. M. M $700 (g) 290 7,410 (h) 8,050 Beginning inventory Purchases Purchases returns and allowances Net purchases Freight-in Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold $375 2,250 195 P $120 1,080 (d) 990 (e) 1,250 1,370 (1) 1,230 (a) 180 (b) 2,610 540 (c) Instructions (no color required): Fill in the lettered blanks to complete the cost of goods sold sections. W $() 32,670 (k) 28,840 1,980 (1) (6) 1,150 7,600 52,180 12,580 39,600
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter5: Accounting For Retail Businesses
Section: Chapter Questions
Problem 40E: Identify items missing in determining cost of goods sold For (a) through (e), identify the items...
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![Question 8) Below is a series of cost of goods sold sections for companies A, P. M. and W.
M
$700
(g)
290
7,410
(h)
8,050
Beginning inventory
Purchases
Purchases returns and allowances.
Net purchases
Freight-in
Cost of goods purchased
Cost of goods available for sale
Ending inventory
Cost of goods sold
$375
2,250
195
(a)
180
P
$120
1,080
(d)
990
(e)
1,250
1,370
W
$(j)
32,670
(k)
28,840
1,980
(1)
52,180
12,580
39,600
(b)
2,610
(1)
540
1,150
(c)
7,600
Instructions (no color required): Fill in the lettered blanks to complete the cost of goods sold sections.
(1)
1,230](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F65623610-2cf1-404e-a638-1efc79c11c16%2Fc7948c07-3fa1-4bbb-8d2e-da208b01e858%2Ftxo9iyb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 8) Below is a series of cost of goods sold sections for companies A, P. M. and W.
M
$700
(g)
290
7,410
(h)
8,050
Beginning inventory
Purchases
Purchases returns and allowances.
Net purchases
Freight-in
Cost of goods purchased
Cost of goods available for sale
Ending inventory
Cost of goods sold
$375
2,250
195
(a)
180
P
$120
1,080
(d)
990
(e)
1,250
1,370
W
$(j)
32,670
(k)
28,840
1,980
(1)
52,180
12,580
39,600
(b)
2,610
(1)
540
1,150
(c)
7,600
Instructions (no color required): Fill in the lettered blanks to complete the cost of goods sold sections.
(1)
1,230
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