Exercise 5-13Below is a series of cost of goods sold sections for companies B, M, O, and S.Fill in the lettered blanks to complete the cost of goods sold sections.  B  M  O  S Beginning inventory \$ 305    \$ 146    \$ 854    \$enter a dollar amount (j)Purchases 1,830    1,318    enter a dollar amount (g) 53,180   Purchase returns and allowances 98    enter a dollar amount (d) 354    enter a dollar amount (k)Net purchases enter a dollar amount (a) 1,269    9,040    51,594   Freight-in 159    enter a dollar amount (e) enter a dollar amount (h) 2,733   Cost of goods purchased enter a dollar amount (b) 1,501    9,821    enter a dollar amount (l)Cost of goods available for sale 2,196    1,647    enter a dollar amount (i) 60,427   Ending inventory 378    enter a dollar amount (f) 1,403    7,601   Cost of goods sold enter a dollar amount (c) 1,501    9,272    52,826     Click if you would like to Show Work for this question:Open Show Work

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Exercise 5-13

Below is a series of cost of goods sold sections for companies B, M, O, and S.

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

 B M O S Beginning inventory Purchases Purchase returns and allowances Net purchases \$ 305 \$ 146 \$ 854 \$enter a dollar amount (j) 1,830 1,318 enter a dollar amount (g) 53,180 98 enter a dollar amount (d) 354 enter a dollar amount (k) enter a dollar amount (a) 1,269 9,040 51,594 159 enter a dollar amount (e) enter a dollar amount (h) 2,733 enter a dollar amount (b) 1,501 9,821 enter a dollar amount (l) 2,196 1,647 enter a dollar amount (i) 60,427 378 enter a dollar amount (f) 1,403 7,601 enter a dollar amount (c) 1,501 9,272 52,826

 Click if you would like to Show Work for this question: Open Show Work
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Step 1

Cost of goods sold: Cost of goods sold is the total of all the expenses incurred by a company to sell the goods during the given period.

Step 2

Compute the missing figures (a), (b), and (c) for Company B.

Step 3

Compute the missing figures (d), (...

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