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E5-15 Below is a series of cost of goods sold sections for companies

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E5-15 Below is a series of cost of goods sold sections for companies B, F, L, and R.;B F L R;Beginning inventory $ 150 $ 70 $1,000 $ (j);Purchases 1,600 1,080 (g) 43,590;Purchase returns and allowances 40 (d) 290 (k);Net purchases (a) 1,030 6,210 41,090;Freight-in 110 (e) (h) 2,240;Cost of goods purchased (b) 1,280 7,940 (l);Cost of goods available for sale 1,820 1,350 (i) 49,530;Ending inventory 310 (f) 1,450 6,230;Cost of goods sold (c) 1,230 7,490 43,300;Instructions;Fill in the lettered blanks to complete the cost of goods sold sections.

 

Paper#34905 | Written in 18-Jul-2015

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