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Fill in the blanks Below is a series of cost of goods sold sections for companies A, F, L, and V. All of these companies
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Below is a series of cost of goods sold sections for companies A, F, L, and V. All of these companies use a periodic inventory system. Fill in the blanks to complete the cost of goods sold sections. A Beginning inventory $230 $140 $990 $ Purchases 1,510 1.090 70 280 Purchase returns and allowances Net purchases 1,040 7.470 Freight-in 150 1,230 8.110 1,820 1,350 Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold 310 1.450 1.230 7.650 - V $230 $140 $990 $ 1,510 1,090 43,180 70 280 s 1,040 7,470 42.230 150 2.230 1,230 8.110 1.820 1.350 49.100 310 1.450 6.210 1.230 7,650 42,890
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