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    Below is a series of cost of goods sold for companies X, L, F, and S
    X L F S
    Beginning inventory $ 250 120 1000 $ (J)
    Purchases $ 1500 1080 (G) 43,590
    Purchase returns and allowances $ 40 (D) 290 ( K)
    net purchases $ (A) 1030 7210 42,090
    Freight in $ 130 (E) (H) 2240
    Cost of goods purchased (B) 1230 8050 $(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 $7600 $43,300

    A) Fill in the lettered blanks to complete the costs of goods sold.

    © BrainMass Inc. brainmass.com December 15, 2020, 2:37 pm ad1c9bdddf
    https://brainmass.com/business/cogs/cost-of-goods-sold-brainmass-expert-explains-163112

    Solution Preview

    Below is a series of cost of goods sold for companies X, L, F, and S

    X L F S
    Beginning inventory $250 $120 $1,000 J
    Purchases $1,500 $1,080 G $43,590
    Purchase returns and allowances $40 D $290 K
    net purchases A $1,030 $7,210 $42,090
    Freight in $130 E H $2,240
    Cost of goods purchased B $1,230 $8,050 L
    Cost of goods ...

    Solution Summary

    The solution calculates cost of goods sold.

    $2.19

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