E5-15 Below is a series of cost of goods sold sections for companies B, F, L, and R.
| Beginning inventory | $150 | $70 | 1,000 | $ (j) |
| Purchases | 1,600 | 1,080 | (g) | 43,590 |
| Purchase returns and allowances | 40 | (d) | 290 | (k) |
| Net purchases | (a) | 1,030 | 6,210 | 41,090 |
| Freight-in | 110 | (e) | (h) | 2,240 |
| Cost of goods purchased | (b) | 1,280 | 7,940 | (l) |
| Cost of goods available for sale | 1,820 | 1,350 | (i) | 49,530 |
| Ending inventory | 310 | (f) | 1,450 | 6,230 |
| Cost of goods sold | (c) | 1,230 | 7,490 | 43,300 |
Instructions
Fill in the lettered blanks to complete the cost of goods sold sections.
No comments:
Post a Comment