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Presented below are the components in determining cost of goods sold. Determine the missing amounts.

Presented below are the components in determining cost of goods sold. Determine the missing amounts. 

Presented below are the components in determining cost of goods sold. Determine the missing amounts. Beginning Inventory CostPresented below are the components in determining cost of goods sold. Determine the missing amounts. Cost of Goods Available


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Answer a Amount $
Beginning inventory      80,000.00
Add: Purchases    100,000.00
Cost of goods available for sale    180,000.00
Answer b Amount $
Cost of goods available for sale    180,000.00
Less: Cost of goods sold (120,000.00)
Ending inventory      60,000.00
Answer c Amount $
Cost of goods available for sale    115,000.00
Less: Beginning inventory     (50,000.00)
Purchases      65,000.00
Answer d Amount $
Cost of goods available for sale    115,000.00
Less: Ending inventory     (35,000.00)
Cost of goods sold      80,000.00
Answer e Amount $
Cost of goods available for sale    160,000.00
Less: Purchases (110,000.00)
Beginning inventory      50,000.00
Answer f Amount $
Cost of goods available for sale    160,000.00
Less: Ending inventory     (29,000.00)
Cost of goods sold    131,000.00

ekkarill92 answered 1 year ago
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