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Make use of T-Account Analysis, instead of formula, to answer items 11-14 (TIP: Make use of a T-account analysis, instead of a formula, to answer

Make use of T-Account Analysis, instead of formula, to answer items 11-14

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(TIP: Make use of a T-account analysis, instead of a formula, to answer items 5 to 15 below.) 5. Inventory, beg. P33,000; Net purchases, P128,000; Cost of goods sold, P96,000. How much is the Inventory, end.? 6. Inventory, beg. P89,000; Net purchases, P217,000; Cost of goods sold, P154,000. How much is the Inventory, end.? 7. Inventory, beg. P20,000; Net purchases, P176,000; Inventory, end., P90,000. How much is the Cost of goods sold? 8. Inventory, beg. P24,000; Cost of goods sold, P89,000; Inventory, end. P19,000. How much is the Net purchases? 9. Inventory, end. $62,000; Net purchases, P216,000; Cost of goods sold, #244,000. How much is the Inventory, beg.? 10. Inventory, end. $148,000; Net purchases, $236,000; Cost of goods sold, #344,000. How much is the Total Goods Available for Sale? 11. Net purchases, $170,000; Increase in inventory during the year, P40,000. How much is the cost of goods sold? 12. Net purchases, $170,000; Decrease in inventory during the year, $40,000. How much is the cost of goods sold? 13. Cost of goods sold, $720,000; Increase in inventory during the year, P80,000. How much is the net purchases? 14. Inventory, beg., $4,000; Total goods available for sale, 190,000; Cost of goods sold, $169,000. How much is the change in inventory during the year? increase (decrease)

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