Below is a series of cost of goods sold sections for companies X. F, L, and S.

Instructions Fill in the lettered blanks to complete the cost of goods sold sections.

Transcribed Image Text:

X F L Beginning inventory Purchases Purchase returns and allowances Net purchases Freight-in $ 250 $ 120 $1,000 1,500 1,080 (8) (j) 43.590 40 (d) 290 (a) 1,030 7,210 (k) 42.090 110 (e) (h) 2.240 Cost of goods purchased (b) 1.230 7,940 (1) Cost of goods available for sale 1,820 1,350 (i) 49,530 Ending inventory 310 (f) 1,450 6,230 Cost of goods sold (c) 1.230 7.490 43,300