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Missing Amounts in Cost of Goods Sold Model For each of the following independent cases, determine the missing amounts corresponding to the letters in the
Missing Amounts in Cost of Goods Sold Model
For each of the following independent cases, determine the missing amounts corresponding to the letters in the chart:
Case 1 | Case 2 | Case 3 | |
---|---|---|---|
Beginning inventory | $(a) | $2,360 | $2,260 |
Purchases (net) | 5,600 | (c) | (e) |
Transportation-in | 150 | 502 | 428 |
Cost of goods available for sale | 7,170 | (d) | 8,860 |
Ending inventory | (b) | 1,820 | 1,300 |
Cost of goods sold | 5,540 | 5,600 | (f) |
Enter all answers as positive numbers.
Item | Amount |
a. | $ |
b. | $ |
c. | $ |
d. | $ |
e. | $ |
f. | $ |
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