2. A. In your notes, complete the chart below by filling in the missing figures. Beginning...

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2. A. In your notes, complete the chart below by filling in the missing figures. Beginning inventory Merchandise purchased Goods available for sale Merchandise sold Ending inventory Year I 100 units 800 units 300 units Year 2 900 units 1 000 units Year 3 800 units 50 units I B. If the units cost $5 each throughout Year 3, work out the Cost of Goods Sold section of the income statement. 2. A. In your notes, complete the chart below by filling in the missing figures. Beginning inventory Merchandise purchased Goods available for sale Merchandise sold Ending inventory Year I 100 units 800 units 300 units Year 2 900 units 1 000 units Year 3 800 units 50 units I B. If the units cost $5 each throughout Year 3, work out the Cost of Goods Sold section of the income statement.

Answer rating: 100% (QA)

To assist with part A of your question lets work through each year to complete the chart by filling in the missing figures Following the accounting eq... View the full answer