Question 8) Below is a series of cost of goods sold sections for companies A, L, N, and R. Beginning inventory Purchases Purchases returns and allowances Net purchases Freight-in Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold 2 $700 1.080 1,040 1,230 32,290 95 180 2,710 290 28,840 1,980 8,050 1,350 48,650 15,540 33,110 540 1.230 7.600 Instructions (no color required): Fill in the lettered blanks to complete the cost of goods sold sections