Below is the cost of goods sold sections for the two most recent years for two companies
Question:
Instructions
Fill in the missing amounts to complete the cost of goods sold sections.
Transcribed Image Text:
Company1 Company2 Year 1 $ 250 1,500 Year 2 s (e) Year 1 Year 2 $ (n) 9,550 Beginning inventor)y Purchases Purchase returns and allowances Purchase discounts Net purchases Freight in Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold $1,000 100 150 100 7,210 7,900 I ,450 1,850 110 550 1,250 1,480
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Company 1 a 1420 1500 50 30 b 1530 1420 110 c 1780 1530 250 d 300 1780 1480 e 300 from d ...View the full answer
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Related Book For
Accounting Principles Part 1
ISBN: 978-1118306789
6th Canadian edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
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