Question
Presented below are the components in determining cost of goods sold. Determine the missing amounts. Beginning Inventory Purchases Cost of Goods Available for Sale Ending
Presented below are the components in determining cost of goods sold. Determine the missing amounts.
| Beginning Inventory | Purchases | Cost of Goods Available for Sale | Ending Inventory | Cost of Goods Sold | ||||||
| (a) | $81,600 | $105,300 | $ | $ | $123,000 | |||||
| (b) | $53,100 | $ | $114,000 | $34,300 | $ | |||||
| (c) | $ | $120,000 | $164,000 | $29,000 | $ |
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Principles Of External Auditing
Authors: Brenda Porter, Jon Simon, David Hatherly
2nd Edition
470842973, 470842970, 978-0470842973
