Fill in the lettered blanks to complete the cost of goods sold sections.  B  M  O  S Beginning inventory $ 340    $ 163    $ 952    $enter a dollar amount (j)Purchases 2,040   1,469    enter a dollar amount(g) 59,282   Purchase returns and allowances 109    enter a dollar amount(d) 394    enter a dollar amount(k)Net purchases enter a dollar amount(a) 1,414   10,078    57,514   Freight-in 177    enter a dollar amount(e) enter a dollar amount(h) 3,046   Cost of goods purchased enter a dollar amount(b) 1,673    10,948    enter a dollar amount(l)Cost of goods available for sale 2,448    1,836    enter a dollar amount(i) 67,361   Ending inventory 422    enter a dollar amount(f) 1,564    8,473   Cost of goods sold enter a dollar amount(c) 1,673    10,336    58,888

Question
Asked Nov 21, 2019
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Fill in the lettered blanks to complete the cost of goods sold sections.

   
B
   
M
   
O
   
S
 
Beginning inventory
  $ 340       $ 163       $ 952       $enter a dollar amount  (j)
Purchases
  2,040      1,469       enter a dollar amount (g)   59,282    
Purchase returns and allowances
  109       enter a dollar amount (d)   394       enter a dollar amount (k)
Net purchases
  enter a dollar amount (a)   1,414      10,078       57,514    
Freight-in
  177       enter a dollar amount (e)   enter a dollar amount (h)   3,046    
Cost of goods purchased
  enter a dollar amount (b)   1,673       10,948       enter a dollar amount (l)
Cost of goods available for sale
  2,448       1,836       enter a dollar amount (i)   67,361    
Ending inventory
  422       enter a dollar amount (f)   1,564       8,473    
Cost of goods sold
  enter a dollar amount (c)   1,673       10,336       58,888  
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Expert Answer

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Fill in the lette...

В
м
Beginning inventory
S952 $6,801 (S67,361-S60,560)
$340
$163
$10,472 (S10,078+S394)
$2,040
g) $59,282
(d) $394 (k)S1,768 (S59,282-S57,514)|
$57,514
(h) $3,046
$10,948 (D $60,560 (S57,514+S3,046)
Purchases
$1,469
$109 $55 (S1,469-$1,414)|
(a) $1,414
$177 259 ($1,673-S1,414)| (e) S870 ($10,948-S10,078)
(b)S1,673
$1,836
$422 s163 (S1,673-$1,86)|
Purchase returns and allowances
$1,931 ($2,040-$109)
Net purchases
Freight-in
Cost-of goods purchased
Cost-of-goods available for sale
Ending inventory
Cost of goods sold
$10,078
$2,108 (S1,931+s177)
s11,900 (S1,564+$10,336)|
( $1,564
$2,448
$67,361
S8.473
$58,888
$2,026 (S2,448-S422)
$10,336
(c)$1,673
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В м Beginning inventory S952 $6,801 (S67,361-S60,560) $340 $163 $10,472 (S10,078+S394) $2,040 g) $59,282 (d) $394 (k)S1,768 (S59,282-S57,514)| $57,514 (h) $3,046 $10,948 (D $60,560 (S57,514+S3,046) Purchases $1,469 $109 $55 (S1,469-$1,414)| (a) $1,414 $177 259 ($1,673-S1,414)| (e) S870 ($10,948-S10,078) (b)S1,673 $1,836 $422 s163 (S1,673-$1,86)| Purchase returns and allowances $1,931 ($2,040-$109) Net purchases Freight-in Cost-of goods purchased Cost-of-goods available for sale Ending inventory Cost of goods sold $10,078 $2,108 (S1,931+s177) s11,900 (S1,564+$10,336)| ( $1,564 $2,448 $67,361 S8.473 $58,888 $2,026 (S2,448-S422) $10,336 (c)$1,673

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