Below is a series of cost of goods sold sections for companies B, F, L, and R.
Question:
Below is a series of cost of goods sold sections for companies B, F, L, and R.
InstructionsFill in the lettered blanks to complete the cost of goods soldsections.
Transcribed Image Text:
L. Beginning inventory Purchases Purchase returns and allowances Net purchases Freight-in Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold $ 150 1,620 40 $ 70 1,060 (j) 43,590 (k) 41,090 2.240 (1) 49,530 6.230 43,300 $1,000 (g) (d) 290 6,210 (h) 1,030 (e) 1,280 1.350 (f) 1.230 (a) 110 (b) 1,840 7,940 (i) 1,450 310 7,490 (c)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 73% (15 reviews)
a 1580 1620 40 b 1690 1580 110 c 1530 1840 ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Accounting questions
-
Below is the cost of goods sold sections for the two most recent years for two companies using a periodic inventory system: Instructions Fill in the missing amounts to complete the cost of goods sold...
-
Below are the cost of goods sold sections for the most recent two years for two companies using a periodic inventory system: Instructions Fill in the numbered blanks to complete the cost of goods...
-
The following is a series of annual sales (in $ millions) over an 11- year period ( 2003 to 2013): a. Construct a time- series plot. b. Does there appear to be any change in annual sales over time?...
-
Figure 20.3 describes the Medicare Part D prescription drug benefi t. Look at the Web page www.partd-medicare.com/ in your area and determine the marginal coinsurance rates applicable in each...
-
One approach to understanding corruption perceptions is to compare information across a variety of countries. Your company has had operations in South America for some time. However, there has not...
-
For each equation, write a second linear equation that would create a consistent and dependent system. a. y = 2x + 4 b. y = - 1/3x - 3 c. 2x + 5y = 10 d. x - 2y = - 6?
-
Paired data are data for which each value in one sample can be matched with a corresponding value in another sample. In Exercises 5 and 6, determine whether the statement is true or false. If the...
-
Rouse Manufacturing Limited produces and sells one product, a three-foot Canadian flag. During 20X0, the company manufactured and sold 65,000 flags at $27 each. Existing production capacity is 75,000...
-
Currently, company ABC's stock is selling at 50.54 per share, its 5-month call option is selling at 4.13 per call with strike price 54.50. If the annual risk-free rate is 3.29%, what would be the...
-
Write a program that displays a bean machine introduced in Exercise, as shown in Figure. The bean machine, also known as a quincunx or the Galton box, is a device for statistics experiments named...
-
On January 1, 2012, Evangeline Lilly Corporation had merchandise inventory of $50,000. At December 31, 2012, Evangeline Lilly had the following account balances. Freight-in............. $ 4,000...
-
This information relates to Locke Co. 1. On April 5, purchased merchandise from K. Austen Company for $25,000, terms 2/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $900 on...
-
Should BWNS try to win back NLPs business at this time? How could Brown eventually win back NLPs business? What should he do? MINI CASE Reggie Brown, B&W Nuclear Service Companys (BWNS) project...
-
In reviewing sales figures, what is the popularity index? Name 3 of the 5 methods of valuing inventory and explain how each is calculated. (3) Opening inventory: $10,000 / Purchases: $5,000 / Closing...
-
would mary be justified in ignoring this situation particularly since she is not the purchasing agent? in preparing your answer consider the standards of purchasing practice
-
The final script of the project should be talking about the Fair Credit Reporting Act (fcra). Each student has the task of creating an infomercial video and accompanying script/storyboard based on an...
-
Your career as a Victim Advocate has changed since 2001 with the increase in school shootings, hate crimes, and domestic terrorism. The February 26, 1993, bombing of the World Trade Center (the first...
-
The report has to be composed in an excel file format composing both the summary and replication parts in Sheet 1 and Sheet 2 of the same file. Part 1 (Summary) 1. Executive Summary: A brief summary...
-
You and a friend work in buildings four equal-length blocks apart, and you plan to meet for lunch. Your friend strolls leisurely at \(1.2 \mathrm{~m} / \mathrm{s}\), while you like a brisker pace of...
-
Define the term utility software and give two examples.
-
You are given that a. Calculate the area A a between the two curves bounded between x = 5 and 5. b. Calculate the area A b bounded between the two curves. f(x) = |x and g(x)=x-2
-
Angus Meat Corporation reported the following information for the year ended December 31: Calculate the net cash provided (used) by operating activities using the direct method. Balance sheet...
-
The T accounts for equipment and the related accumulated depreciation for Trevis Corporation are as follows: In addition, Trevis's income statement reported a loss on the sale of equipment of $1,500....
-
Selected information follows for Cathrea Select Corporation at December 31: 2014 2013 Land.....................................................$ 95,000...............$ 180,000...
-
a. In nucleotide-based alignment, one algorithm to update scores in comparing two nucleotide sequences is shown below (8 is gap penalty; vi and wj are two nucleotides being compared; u is a...
-
How many times does the following loop execute? for(x = 1000; x <10; x--) { code here... }
-
a) Write an assembly program to implement the following instructions. HINT: YOU CAN USE REGISTERS FOR STORING INTERMEDIATE INFORMATION IF NEEDED. EAX, EBX, ECX, EDX, ESI, EDI REGISTERS ARE AVAILABLE....
Study smarter with the SolutionInn App