Complete the Cost of Goods Sold section for the income statements of the following five companies:
|
Able Company |
Baker Company |
Carter Company |
Delmont Company |
Eureka Company |
|
|
Beginning inventory |
16,000 |
24,800 |
_______ |
_______ |
$19,200 |
|
Purchases |
26,500 |
_______ |
$43,000 |
89,500 |
_______ |
|
Purchase returns |
_______ |
1,000 |
1,800 |
200 |
2,200 |
|
Cost of goods available for sale. |
42,100 |
_______ |
58,300 |
_______ |
81,500 |
|
Ending inventory. |
_______ |
22,200 |
15,200 |
$28,800 |
_______ |
|
Cost of goods sold |
33,400 |
67,200 |
_______ |
$93,400 |
$68,400 |