Below is a series of cost of goods sold sections for companies A, F, L, and V.
| A Don't use plagiarized sources. Get Your Custom Essay on below is a series of cost of goods sold sections for companies a f l and v 533579 For $10/Page 0nly | F | L | V | |
| Beginning inventory | 250 | $120 | $700 | $ ( j) |
| Purchases | 1,500 | 1,080 | (g) | 43,590 |
| Purchase returns and allowances | 80 | (d) | 290 | (k) |
| Net purchases | (a) | 1,040 | 7,410 | 42,290 |
| Freight-in | 130 | (e) | (h) | 2,240 |
| Cost of goods purchased | (b) | 1,230 | 8,050 | (l) |
| Cost of goods available for sale | 1,800 | 1,350 | (i) | 49,530 |
| Ending inventory | 310 | (f ) | 1,150 | 6,230 |
| Cost of goods sold | (c) | 1,230 | 7,600 | 43,300 |
Instructions
Fill in the lettered blanks to complete the cost of goods sold sections.
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