The Playa Company has the following information in its records. Certain data have been intentionally omitted ($ in thousands). Required: Determine the missing numbers. (Enter all amounts as positive numbers. Enter your answers in thousands.) 2021 2022 2023 Beginning inventory Cost of goods sold Ending inventory Cost of goods available for sale Purchases (gross) Purchase discounts Purchase returns 210 672 636 210 189 951 845 705 660 33 30 39 45 29 Freight-in 28 47 31
The Playa Company has the following information in its records. Certain data have been intentionally omitted ($ in thousands). Required: Determine the missing numbers. (Enter all amounts as positive numbers. Enter your answers in thousands.) 2021 2022 2023 Beginning inventory Cost of goods sold Ending inventory Cost of goods available for sale Purchases (gross) Purchase discounts Purchase returns 210 672 636 210 189 951 845 705 660 33 30 39 45 29 Freight-in 28 47 31
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter13: Accounting For Merchandise Inventory
Section: Chapter Questions
Problem 4CE: Kulsrud Company would like to estimate the current inventory level. Using the gross profit method...
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