Question

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

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:

Case 1 Case 2 Case 3
Beginning inventory $(a) $2,360 $2,260
Purchases (net) 5,600 (c) (e)
Transportation-in 150 502 428
Cost of goods available for sale 7,170 (d) 8,860
Ending inventory (b) 1,820 1,300
Cost of goods sold 5,540 5,600 (f)

Enter all answers as positive numbers.

Item Amount
a. $
b. $
c. $
d. $
e. $
f. $
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