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Missing Amounts in Cost of Goods Sold Model For each of the following independent cases, fill in the missing amounts: Enter all answers as positive
Missing Amounts in Cost of Goods Sold Model
For each of the following independent cases, fill in the missing amounts:
Enter all answers as positive numbers.
Case 1 Case 2 Case 3
Beginning inventory
? $3,320 $2,550
Purchases (gross) 6,300 7,970 ?
Purchase returns and allowances 500 1,120 760
Purchase discounts
190 ? 470
Transportation-in 160 710 580
Cost of goods available for sale 7,170 ? 11,340
Ending inventory
? 4,230 1,810
Cost of goods sold 5,230 6,090 ?
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