Presented below are the components in determining cost of goods sold for (a) Frazier Company, (b) Todd Company, and (c) Abreu Enterprises. Determine the missing amounts. Beginning Inventory $120,000 Purchases $150,000 Cost of Goods Available for Sale ? Ending Inventory ? Cost of Goods Sold $160,000 Purchases $125,000 - $50,000 = $75,000 Cost of goods sold = $125,000 - $45,000 = $80,000 Beginning inventory = $330,000 - $220,000 = $110,000 Cost of goods sold = $330,000 $61,000 = $269,000 Cost of goods available for sale = $120,000+ $150,000 ONeither a, b or c $270,000 Ending inventory = $270,000 - $160,000 = $110,000

Presented below are the compononts in determining cost of goods sold for (a) Frazier Company, (b) Todd Company, and (c) Abreu Enterprises. Determine the missing amounts. Purchases =$125,000$50,000=$75,000 Cost of goods sold =$125,000$45,000=$80,000 Beginning inventory =$330,000$220,000=$110,000 Cost of goods sold =$330,000$61,000=$269,000 Cost of goods available for sale =$120,000+$150,000=$270,000 Ending inventory =$270,000$160,000=$110,000 Neither a, b or c