Below is a series of cost of goods sold sections for companies A, F, L, and V. Fill in the lettered blanks to complete the cost of goods sold sections. A F L V Beginning inventory $ 339 $ 163 $ 949 $ (j) Purchases 2,033 1,463 (g) 59,064 Purchase returns and allowances 108 (d) 393 (k) Net purchases (a) 1,409 10,041 57,303 Freight-in 176 (e) (h) 3,035 Cost of goods purchased (b) 1,667 10,908 (l) Cost of goods available for sale 2,440 1,830 (i) 67,113 Ending inventory 420 (f) 1,558 8,442 Cost of goods sold (c) 1,667 10,299 58,671

Exercise 5-11

 

	Your answer is correct.

Below is a series of cost of goods sold sections for companies A, F, L, and V.

Fill in the lettered blanks to complete the cost of goods sold sections.

		A			F			L			V
Beginning inventory		$ 339			$ 163			$ 949			$	(j)
Purchases		2,033			1,463				(g)		59,064
Purchase returns and allowances		108				(d)		393				(k)
Net purchases			(a)		1,409			10,041			57,303
Freight-in		176				(e)			(h)		3,035
Cost of goods purchased			(b)		1,667			10,908				(l)
Cost of goods available for sale		2,440			1,830				(i)		67,113
Ending inventory		420				(f)		1,558			8,442
Cost of goods sold			(c)		1,667			10,299			58,671

 

 

CLICK HERE TO GET THE ANSWER !!!!