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Show your understanding of the cost of goods sold model by filling in the missing numbers in the table. January February March Beginning inventory $189
Show your understanding of the cost of goods sold model by filling in the missing numbers in the table.
January | February | March | ||||||
Beginning inventory | $189 | $133 | $ | |||||
+ | Purchases | 394 | 537 | |||||
= | Cost of goods available for sale | $583 | $ | $ | ||||
- | Ending inventory | 216 | 290 | |||||
= | Cost of goods sold | $450 | $534 | $ |
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