1.At the beginning of the year, Bryers Incorporated reports inventory of $6,300. During the year, the company purchases additional inventory for $21,300. At the end of the year, the cost of inventory remaining is $8,300. Calculate cost of goods sold for the year.

value: 0.60 points Brief Exercise 6-3 Calculate cost of goods sold [LOG2) At the beginning of the year, Bryera Incorporated reports inventory of $6,300. During the year, the company purchases additional inventory for $21300. At the end ofthe year. the coat of inventory remaining is $8,300. Cali-mate cost of goods sold for the year. Beginning inventory Cost of goods availabte for sale Ending inventory Purchases value: 0.60 points Brie'f Exercise 6-4 Calculate amounts related to the multiple-step income statement [LOB-2} For each company. calculate the missing amount. McCarh'1uey 11 .400 a. 200 3 200 - Starr 14.400 5 .200 9 .200 3' 3:585 points Brief Exercise 6-5 Calculate ending inventory and cost of goods sold using FIFO [LOG-3| During the year. Wright Company sells 400 remote-control airplanes for $110 each. The oompany has the following inventory purchase ti'arisactions for the year. Minibar Tm dUnib Uri Call To\" God Jan. 1 Beginning inventory 6H 5H. 5 4,31!!! May 5 Purchase 205 ?6 15,530 Nov. 3 Purchase 155 81 12,555 420 5 32,515 Calwlate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. value: 0.60 points Brief Exercise 6-6 Calculate ending inventory and cost of goods sold using LIFO (LOB-3] During the year. Wright Company sells 475 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Nunbel' Dub Tm ii Unil- Unilcod To\" God Jan. 1 Beginning inventory 40 $71 5 2,840 May 5 Purchase 255 74 13,87\" Nov. 3 Purchase 205 79 16,195 500 5 37,905 Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO. Beginning Inveninry value: 0.60 points Brief Exercise 6-8 Calculate ending inventory and cost of goods sold using specic identication (LOB-3) During the year. Wright Company sells dBO remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Nunbu' Date Tuition of Unill Unit God To\" God Jan. 1 Beginning inventory 50 STD 5 3,500 May 5 Purdieee 260 73 18,93 Nov. 3 Purdllse 210 78 16,330 520 5 38,360 Calculate ending inventory and cost ofgoods sold for the year, assuming the company uses specic identication. Actual sales by the company include its entire beginning inventory, 230 units of inventory 'on'i the May 5 purchase, and 2m units from the November 3 purchase. Beginning Inventory May 5 Purchase Nov. 3 Purchase Tetal