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Below is a series of cost of goods sold sections for companies B, M, O, and S. Fill in the lettered blanks to complete the
Below is a series of cost of goods sold sections for companies B, M, O, and S. Fill in the lettered blanks to complete the cost of goods sold sections.
B M o Beginning inventory $ 230 $ 130 $730 Purchases 1,400 1,020 Purchase returns and allowances 80 ) (d) 280 Net purchases (a) 980 7.860 Freight-in 120 (e) ) (h) Cost of goods purchased (b) 1,150 8,540 Cost of goods available for sale 1,670 1,280 (0) 280 (f) 1,160 Ending inventory Cost of goods sold (c) 1,150 8.110 S $ (i) 46,430 (k) 45,010 2,460 (1) 52,100 6,260 45,840Step by Step Solution
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