The following are the components in determining cost of goods sold. Determine the missing amounts. (a) (b) (c) $ Beginning Inventory $83,300 $46,700 $ Purchases $107,000 $117,000 $ Cost of Goods Available for Sale $115,000 $169,000 $ Ending Inventory $34,700 $31,500 $ $ Cost of Goods Sold $112,000

The following are the components in determining cost of goods sold. Determine the missing amounts. (a) (b) (c) $ Beginning Inventory $83,300 $46,700 $ Purchases $107,000 $117,000 $ Cost of Goods Available for Sale $115,000 $169,000 $ Ending Inventory $34,700 $31,500 $ $ Cost of Goods Sold $112,000

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 41E: Cost of goods sold and related items The following data were extracted from the accounting records...

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Question

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The following are the components in determining cost of goods sold.
Determine the missing amounts.
(a)
(b)
(c)
$
Beginning
Inventory
$83,300
$46,700
$
Purchases
$107,000
$117,000
$
Cost of Goods
Available for Sale
$115,000
$169,000
$
Ending
Inventory
$34,700 $
$31,500
$
Cost of
Goods Sold
$112,000

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