Presented below are the components in determining cost of goods sold. Determine the missing amounts. Beginning Inventory
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Presented below are the components in determining cost of goods sold.
Determine the missing amounts.
Beginning Inventory | Purchases | Costs of Goods available for sale | Ending Inventory | Cost of Goods sold |
$84,100 | $101,500 | | | $112,000 |
$53,100 | | $116,000 | $37,000 | |
| $115,000 | $156,000 | $30,500 | |
Related Book For
Financial and Managerial Accounting
ISBN: 978-1118334263
2nd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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