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    Series of cost of goods sold sections for companies

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    E5-15 Below is a series of cost of goods sold sections for companies B, F, L, and R.
    B F L R
    Beginning inventory $ 150 $ 70 $1,000 $ (j)
    Purchases 1,600 1,080 (g) 43,590
    Purchase returns and allowances 40 (d) 290 (k)
    Net purchases (a) 1,030 6,210 41,090
    Freight-in 110 (e) (h) 2,240
    Cost of goods purchased (b) 1,280 7,940 (l)
    Cost of goods available for sale 1,820 1,350 (i) 49,530
    Ending inventory 310 (f) 1,450 6,230
    Cost of goods sold (c) 1,230 7,490 43,300
    Instructions
    Fill in the lettered blanks to complete the cost of goods sold sections.
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    https://brainmass.com/business/accounting/series-cost-goods-sold-sections-companies-313633

    Solution Preview

    B L F R
    Beginning inventory 150 700 1000 6200
    Purchase 1600 1080 6500 43590
    Purchase ...

    Solution Summary

    The series of cost of goods sold sections for companies are examined.

    $2.19

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