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 |
1,620 |
1,060 |
(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 |
1,840 |
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.