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#7 Below is a series of cost of goods sold sections for Mikey Inc., Nancie Co., and Oscar Inc. Mikey Nancie Oscar Beginning inventory $
#7 Below is a series of cost of goods sold sections for Mikey Inc., Nancie Co., and Oscar Inc. Mikey Nancie Oscar Beginning inventory $ 250 $ 120 $ (g) Purchases 1,700 1,080 43,590 Purchase returns and allowances 40 (d) (h) Net purchases (a) 1,030 42,090 Freight-in 130 (e) 2,740 Cost of goods purchased (b) 1,230 (i) Cost of goods available for sale 2,040 1,350 49,530 Ending inventory 310 (f) 6,230 Cost of goods sold (c) 1,130 43,300 Instructions Fill in the lettered blanks to complete the cost of goods sold sections. (SHOW ALL WORK)
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