Missing Amounts in Cost of Goods Sold Model For each of the following independent cases, determine...

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Missing Amounts in Cost of Goods Sold Model For each of the following independent cases, determine the missing amounts corresponding to the letters in the chart: Beginning inventory Purchases (net) Transportation-in I Cost of goods available for sale Ending inventory Cost of goods sold Enter all answers as positive numbers. Item a. b. C. d. e. Amount Case 1 $(a) 5,620 160 7,110 (b) 5,570 Case 2 Case 3 $2,440 $2,590 (c) (e) 421 8,790 1,220 (f) 509 (d) 1,820 5,630 Missing Amounts in Cost of Goods Sold Model For each of the following independent cases, determine the missing amounts corresponding to the letters in the chart: Beginning inventory Purchases (net) Transportation-in I Cost of goods available for sale Ending inventory Cost of goods sold Enter all answers as positive numbers. Item a. b. C. d. e. Amount Case 1 $(a) 5,620 160 7,110 (b) 5,570 Case 2 Case 3 $2,440 $2,590 (c) (e) 421 8,790 1,220 (f) 509 (d) 1,820 5,630

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To solve for the missing amounts in the cost of goods sold model we need to use the following formula Cost of goods available for sale Beginning inven... View the full answer