*E5-15 Below are the cost of goods sold sections for the two most recent years for two companies using a As periodic inventory system: St. Pierre Co. Silva Co. Year 1 Year 2 Year 1 Year 2 Beginning inventory $ 250 $ (e) $1,000 $ (n) Purchases 1,500 (1) 9,550 Purchase returns and allowances 50 100 300 400 Purchase discounts 30 50 150 100 Net purchases (a) 1,850 7,210 (o) Freight in 110 (k) 550 Cost of goods purchased (b) (h) 7,900 (p) Cost of goods available for sale 2,300 (1) Ending inventory (d) 400 1,450 1,250 Cost of goods sold 1,480 (i) (m) Instructions Fill in the missing amounts to complete the cost of goods sold sections