Applying the Cost of Goods Sold Model The following amounts were obtained from the accounting records of Steed Company: Required: Compute the missing amounts. 2017 2018 2019 Beginning inventory $16,600 $fill in the blank 1 $fill in the blank 2 Net purchases fill in the blank 3 57,300 55,100 Ending inventory 11,200 fill in the blank 4 13,750 Cost of goods sold 44,500 49,800 fill in the blank 5