Beginning Inventory Purchases Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold (a) $76,700 $100,600 $enter a dollar amount $enter a dollar amount $112,000 (b) $54,400 $enter a dollar amount $114,000 $35,400 $enter a dollar amount (c) $enter a dollar amount $115,000 $161,000 $28,700 $enter a dollar amount

Beginning Inventory Purchases Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold (a) $76,700 $100,600 $enter a dollar amount $enter a dollar amount $112,000 (b) $54,400 $enter a dollar amount $114,000 $35,400 $enter a dollar amount (c) $enter a dollar amount $115,000 $161,000 $28,700 $enter a dollar amount

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Description: The following are the components in determining cost of goods sold.Determine the missing amounts. BeginningInventory Purchases Cost of GoodsAvailable for Sale EndingInventory Cost ofGoods Sold(a) $76,700 $100,600 $enter a dollar amount $enter a dol

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter5: Accounting For Retail Businesses

Section: Chapter Questions

Problem 40E: Identify items missing in determining cost of goods sold For (a) through (e), identify the items...

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Presented below are the components in determining cost of goods sold.Determine the missing amounts. BeginningInventory Purchases Cost of GoodsAvailable for Sale EndingInventory Cost ofGoods Sold (a) $78,100 $101,600 ? ? $121,000 (b) $54,700 ? $120,000 $33,800 ? (c) ? $110,000 $151,000 $28,800 ?
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	Beginning Inventory	Purchases	Cost of Goods Available for Sale	Ending Inventory	Cost of Goods Sold
(a)	$76,700	$100,600	$enter a dollar amount	$enter a dollar amount	$112,000
(b)	$54,400	$enter a dollar amount	$114,000	$35,400	$enter a dollar amount
(c)	$enter a dollar amount	$115,000	$161,000	$28,700	$enter a dollar amount