ABC International

357 Gravel Hill Rd

Huntington Valley, PA 19006

Sold to:	Invoice no:	13-59784
Green Co.	Date:	2/13/20X6
85 North Parkway	PO:	500213
Newberry, FL 32669	Terms:	Net 30

Product ID	Description	Quantity	Unit price	Amount
745-256	Large units	12,000	$10.25	$123,000.00
			Amount due	$123,000.00

Johnson Manufacturing Co.

157 Moorehead Dr

Anderson, SC 54895

Sold to:	Invoice no:	JMC265
Green Co.	Date:	05/27/20X6
85 North Parkway	PO:	500527
Newberry, FL 32669	Terms:	Net 30

Product ID	Description	Quantity	Unit price	Amount
456253	Large units	15,000	9.90	$148,500.00
			Amount due	$148,500.00

Lawhorn Company

148 South Broadway

Gallipolis, OH 45859

Sold to:	Invoice no:	9261946
Green Co.	Date:	08/18/20X6
85 North Parkway	PO:	500818
Newberry, FL 32669	Terms:	Net 30

Product ID	Description	Quantity	Unit price	Amount
LW2563.25	Large units	14,000	$9.50	$133,000.00
			Amount due	$133,000.00

JSL Inc.

112 Industrial Blvd

Piscataway, NJ 08079

Sold to:	Invoice no:	INV523697
Green Co.	Date:	12/21/20X6
85 North Parkway	PO:	5001221
Newberry, FL 32669	Terms:	Net 30

Product ID	Description	Quantity	Unit price	Amount
745-256	Large units	6,000	$9.70	$58,200.00
			Amount due	$58,200.00

Green Co.
Trial Balances (partial)
12/31/20X6
Sales (34,000 units $20)	$680,000
Sales discounts	9,900
Purchase discounts	20,000
Freight-in	7,000
Freight-out	14,600

Green Co. sells one product purchased from various suppliers. Green records and reports inventory using the LIFO periodic method. It records cash discounts using the gross method. At the end of Year 20X6, Green estimated the following per unit amounts:

Replacement cost	$10.00
Net realizable value (NRV)	10.80
Normal profit margin	1.00
Historical cost - beginning inventory on 1/1/20X6	10.20

Green reports losses from write-downs of inventory to market directly in cost of goods sold. The inventory on January 1, 20X6, consisted of 8,000 units. The financial accounting department is doing a cost of goods sold analysis based on a partial trial balance and the available inventory purchase receipts.

Determine the amount for each item in the cost of goods sold calculation at December 31, Year 20X6. Enter the appropriate amounts in the designated cells below. Enter all amounts as positive numbers.

Item	Cost
1. Beginning inventory
2. Purchases
3. Purchase discounts
4. Freight-in
5. Goods available for sale
6. Ending inventory
7. Cost of goods sold