Below is a series of cost of goods sold sections for companies B, M, 0 , and
Question:
Below is a series of cost of goods sold sections for companies B, M, 0 , and S.
Instruction
Fill in the lettered blanks to complete the cost of goods sold sections.
Transcribed Image Text:
Beginning inventory Purchases Purchase returns and allowances Net purchases Freight-in Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold B $ 250 1,500 80 (a) 130 (b) 1,800 310 (c) M $ 120 1,080 (d) 1,040 (e) 1,230 1,350 (f) 1,230 0 $ 700 (g) 290 7,410 (h) 8,050 (i) 1,150 7,600 $ S (j) 43,590 (k) 42,290 2,240 (1) 49,530 6,230 43,300
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Answer Description B M O S Beginning inventory 250 120 700 5000 Purchases 1500 1080 7700 43590 Purchase returns and allowances 80 40 290 1300 Net purc...View the full answer
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Related Book For
Financial And Managerial Accounting
ISBN: 978-1119752622
4th Edition
Authors: Jerry J Weygandt, Paul D Kimmel, Jill E Mitchell
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