Cost of Goods Sold
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I have pasted a file below with a problem that I need help with filling in the blanks.
Below is a series of cost of goods sold sections for companies B, F, L, R.
B F L R
Beginning inventory $ 150 70 1000 $ (J)
Purchases $ 1600 1080 (G) 43,590
Purchase returns and allowances $ 40 (D) $290 (K)
Net purchases $ (A) 1030 $6210 $41,090
Freight in $110 (E) $(H) $2240
Cost of goods purchased $ (B) 1280 7940 $(L)
Cost of goods avail. for sale $1840 $1350 (i) $49,530
Ending inventory $310 (f) 1450 $6,230
Cost of goods sold (c) $1230 $7490 $43,300
A) Fill in the lettered blanks to complete the costs of goods sold
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Below is a series of cost of goods sold sections for companies B, F, L, R.
B F L R
Beginning inventory $ 150 70 1000 $ (J)
Purchases $ 1600 1080 (G) 43,590
Purchase returns and allowances $ 40 (D) $290 (K)
Net purchases $ (A) 1030 $6210 $41,090 ...
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