Applying the Cost of Goods Sold Model The following amounts were obtained from the accounting records of Enderle Company: 2019 2020 2021 Beginning inventory $38,900 (b) (d) Net purchases (a) $71,200 $91,820 Ending inventory $42,100 (c) $42,350 Cost of goods sold $ 83,500 $90,800 (e) Required: Next Level Compute the missing amounts.
Applying the Cost of Goods Sold Model The following amounts were obtained from the accounting records of Enderle Company: 2019 2020 2021 Beginning inventory $38,900 (b) (d) Net purchases (a) $71,200 $91,820 Ending inventory $42,100 (c) $42,350 Cost of goods sold $ 83,500 $90,800 (e) Required: Next Level Compute the missing amounts.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter6: Cost Of Goods Sold And Inventory
Section: Chapter Questions
Problem 39BE
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Applying the Cost of Goods Sold Model The following amounts were obtained from the accounting records of Enderle Company:
2019 2020 2021
Beginning inventory $38,900 (b) (d)
Net purchases (a) $71,200 $91,820
Ending inventory $42,100 (c) $42,350
Cost of goods sold $ 83,500 $90,800 (e)
Required: Next Level Compute the missing amounts.
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