Question: Brief Exercise 5-1 Presented below are the components in determining cost of goods sold. Determine the missing amounts. Beginning Inventory Purchases Costs of Goods available
Brief Exercise 5-1
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 |
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