A company has the following information in its records. Certain data have been intentionally omitted ($ in thousands). Required: Determine the missing numbers. Note: Enter all amounts as positive numbers. Enter your answers in thousands. Beginning inventory Cost of goods sold Ending inventory Cost of goods available for sale Purchases (gross) Purchase discounts Purchase returns Freight-in 2024 $ $ $ $ $ 69 $ 69 $ 69 69 $ 2025 290 $ 672 $ 636 279 $ 210 951 $ 915 664 30 45 47 $ 55 705 $ 33 $ 39 $ 28 2026 279 $ 210 $ 656 $ 189 69 $ $845 $ 660 $ 69 29 31
A company has the following information in its records. Certain data have been intentionally omitted ($ in thousands). Required: Determine the missing numbers. Note: Enter all amounts as positive numbers. Enter your answers in thousands. Beginning inventory Cost of goods sold Ending inventory Cost of goods available for sale Purchases (gross) Purchase discounts Purchase returns Freight-in 2024 $ $ $ $ $ 69 $ 69 $ 69 69 $ 2025 290 $ 672 $ 636 279 $ 210 951 $ 915 664 30 45 47 $ 55 705 $ 33 $ 39 $ 28 2026 279 $ 210 $ 656 $ 189 69 $ $845 $ 660 $ 69 29 31
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter6: Cost Of Goods Sold And Inventory
Section: Chapter Questions
Problem 44E: Perpetual and Periodic Inventory Systems Below is a list of inventory systems options. a. Perpetual...
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