Below is a series of cost of goods sold sections for companies W, X, Y, and Z. WWXYZBeginning inventory$150$120$700$ (j) BLANKPurchases1,6001,080(g) BLANK43,590Purchase returns and allowances90(d) BLANK290(k) BLANKNet purchases(a) BLANK1,0207,71042,290Freight-in140(e) BLANK(h) BLANK2,240Cost of goods purchased(b) BLANK1,2308,050(l) BLANKCost of goods available for sale1,8001,350(i) BLANK49,530Ending inventory310(f) BLANK1,1506,230Cost of goods sold(c) BLANK1,2307,60043,300 InstructionsFill in the lettered blanks to complete the cost of goods sold sections.

Name: Below is a series of cost of goods sold sections for companies W, X, Y
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Description: Below is a series of cost of goods sold sections for companies W, X, Y, and Z. WWXYZBeginning inventory$150$120$700$ (j) BLANKPurchases1,6001,080(g) BLANK43,590Purchase returns and allowances90(d) BLANK290(k) BLANKNet purchases(a) BLANK1,0207,71042,

Net purchases is the cost of purchases after deducting purchase returns and allowances. Cost of…

Answered: Below is a series of cost of goods sold…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 4PA: Calculate the cost of goods sold dollar value for A74 Company for the sale on March 11, considering...

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Below is a series of cost of goods sold sections for companies W, X, Y, and Z. W	W	X	Y	Z
Beginning inventory	$150	$120	$700	$ (j) BLANK
Purchases	1,600	1,080	(g) BLANK	43,590
Purchase returns and allowances	90	(d) BLANK	290	(k) BLANK
Net purchases	(a) BLANK	1,020	7,710	42,290
Freight-in	140	(e) BLANK	(h) BLANK	2,240
Cost of goods purchased	(b) BLANK	1,230	8,050	(l) BLANK
Cost of goods available for sale	1,800	1,350	(i) BLANK	49,530
Ending inventory	310	(f) BLANK	1,150	6,230
Cost of goods sold	(c) BLANK	1,230	7,600	43,300

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Fill in the lettered blanks to complete the cost of goods sold sections.

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