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Barnes Company has the following account balances for the current year. Required: Compute the missing amounts. Beginning Merchandise Inventory $ 66,000 Purchases 259,000 Purchases

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Barnes Company has the following account balances for the current year. Required: Compute the missing amounts. Beginning Merchandise Inventory $ 66,000 Purchases 259,000 Purchases Returns and Allowances Purchase Discounts Freight-In Cost of Goods Purchased Cost of Goods Available for Sale Ending Merchandise Inventory Cost of Goods Sold 1,930 2,100 258,340 35,000

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