Question

View Policies Current Attempt in Progress Below is a series of cost of goods sold sections for companies B, M, O, and S. Fill in the lettered blanks to complete the cost of goods sold sections. - - Beginning inventory $ 260 $ 125 $ 728 $ Purchases 1,560 1,123 DO 45,334 Purchase returns and allowances 83 302 Net purchases 1,082 7,706 43,982 Freight-in 135 į 2,330 Cost of goods purchased 1,279 8,372 Cost of goods available for sale 1,872 1,404 51,511 Ending inventory 322 1,196 6,479 Cost of goods sold 1,279 7,904 45,032

Answer 1

м 125 1123 41 302 Beinning Inventory Purchases Purchase returns and allowances Net Purchases Freight in Cost of goods Purchased Cost of goods available for sale Ending inventory Cost of goods sold 260 1560 83 1477 135 1612 1872 322 1550 0 S 728 5199 8008 45334 1352 7706 43982 2330 8372 46312 9100 51511 11966479 7904 45032 1082 1971 1279 1404 125 1279 666 Net Purchase = Purchases - Purchases returns and allowances Cost of goods purchased = Net Purchases + Freight in Cost of goods available for sale = Beginning Inventory + Cost of goods Purchased Cost of goods sold = Cost of goods available for sale - Ending Inventory