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Use the following to answer questions 1 6 Case 1 Case 2 Case 3 Case 4 Beginning inventory $125,800 $75,800 $33,600 ? Ending inventory ?
Use the following to answer questions 1 6
Case 1 Case 2 Case 3 Case 4
Beginning inventory $125,800 $75,800 $33,600 ?
Ending inventory ? 42,500 45,700 12,500
Purchases 658,700 ? 654,000 362,500
Cost of goods sold 712,300 555,000 ? 371,200
Question 1
1. $____________ For case 1, determine goods available for sale
Question 2
2. $____________For case 1, determine ending inventory
Question 3
3. $____________For case 2, determine goods available for sale
Question 4
4. $____________ For case 2, determine Purchases
Question 5
5. $____________For case 3, determine cost of goods sold
Question 6
6. $____________ For case 4, determine beginning inventory
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