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	$10,600	$?	$?
Net purchases	?	61,300	65,100
Ending inventory	11,200	?	13,750
Cost of goods sold	44,500	49,800	?