The following are the components in determining cost of goods sold. Determine the missing amounts....
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Accounting
The following are the components in determining cost of goods sold. Determine the missing amounts.
| Beginning Inventory | Purchases | Cost of Goods Available for Sale | Ending Inventory | Cost of Goods Sold | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| (a) | $76,700 | $100,600 | $enter Cost of goods available for sale in dollars | $enter Ending inventory in dollars | $112,000 | |||||
| (b) | $54,400 | $enter Purchases in dollars | $114,000 | $35,400 | $enter Cost of goods sold in dollars | |||||
| (c) | $enter Beginning inventory in dollars | $115,000 | $161,000 | $28,700 | $ |
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