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Problem 4 Below is a series of cost of goods sold sections for companies B, F, L and R. Find the missing amounts? B F

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Problem 4 Below is a series of cost of goods sold sections for companies B, F, L and R. Find the missing amounts? B F L R 150 70 100 ? 1,600 1,080 ? 43,590 40 ? 290 ? ? 1,030 6,210 41,090 Beginning inventory Purchases Purchases returns and allowances Net purchases Freight-in Cost of goods Purchases Cost of goods available for sale Ending inventory Cost of goods sold 110 ? ? 2240 ? 1,280 7,940 ? 1,820 1,350 ? 49,530 310 ? 1,450 6,230 ? 1,230 7.490 43,300

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