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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Corporate Financial Accounting

15th Edition

ISBN:9781337398169

Author:Carl Warren, Jeff Jones

Publisher:Carl Warren, Jeff Jones

Chapter5: Accounting For Retailing Businesses

Section: Chapter Questions

Problem 5.44EX: Appendix 2 Cost of goods sold Identify the errors in the: following schedule of the cost of goods...

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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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