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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

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 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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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
Transcribed Image Text: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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