Complete the cost of sales section by supplying the missing amounts (A- J) IN THE BLANKS BELOW based on the following independent cases 1-5: Disregard peso sign and use comma accordingly. 1. 3 4 5. ... 14,000 1,750 2,250 2,200 5,500 Purchase Returns 2,480 Sales Returns 4,500 6,200 35,000 Goods Available 69,000 77,500 90,000 85,500 for Sale Freight in 2,000 5,000 E 1,250 1,110 Freight out 3,000 12,000 5,000 3,800 1,500 Merchandise 35,000 19,000 17,500 13,000 inventory, beg. Merchandise 19,000 18,500 inventory, end Purchases 47,500 72,000 85,000 73,000 Sales Discount 3,200 4,600 5,500 1,950 2,000 Purchase 2,750 2,175 H. 1,500 Discount Cost of Goods 54,000 43,000 60,000 68,000 Sold A Purchase returns is Blank 1 B Cost of goods sold is 50,000 C Merchandise inventory, end is23,500 D Purchases amount to 60,000 E Freight-in is Blank 5 F Merchandise inventory, end is 47,000 G Goods available for sale is 78,500 H Purchase discount is Blank 8 I Merchandise inventory, beg. is 16,200 J Merchandise inventory, end is 17,500 -|-||

Complete the cost of sales section by supplying the missing amounts (A- J) IN THE BLANKS BELOW based on the following independent cases 1-5: Disregard peso sign and use comma accordingly. 1. 3 4 5. ... 14,000 1,750 2,250 2,200 5,500 Purchase Returns 2,480 Sales Returns 4,500 6,200 35,000 Goods Available 69,000 77,500 90,000 85,500 for Sale Freight in 2,000 5,000 E 1,250 1,110 Freight out 3,000 12,000 5,000 3,800 1,500 Merchandise 35,000 19,000 17,500 13,000 inventory, beg. Merchandise 19,000 18,500 inventory, end Purchases 47,500 72,000 85,000 73,000 Sales Discount 3,200 4,600 5,500 1,950 2,000 Purchase 2,750 2,175 H. 1,500 Discount Cost of Goods 54,000 43,000 60,000 68,000 Sold A Purchase returns is Blank 1 B Cost of goods sold is 50,000 C Merchandise inventory, end is23,500 D Purchases amount to 60,000 E Freight-in is Blank 5 F Merchandise inventory, end is 47,000 G Goods available for sale is 78,500 H Purchase discount is Blank 8 I Merchandise inventory, beg. is 16,200 J Merchandise inventory, end is 17,500 -|-||

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Description: Complete the cost of sales section by supplying the missing amounts (A- J) IN THE BLANKS BELOW based on the followingindependent cases 1-5: Disregard peso sign and use comma accordingly.145.Purchase ReturnsA2,4801,75014,0002,200Sales Returns4,5006,2

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 44E: Perpetual and Periodic Inventory Systems Below is a list of inventory systems options. a. Perpetual...

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