Below are the cost of goods sold sections for the most recent two years for...
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Accounting
Below are the cost of goods sold sections for the most recent two years for two companies using a periodic inventory system Company 2 Year 1 Year 2 $1,080 9.0 110 180 3 160 Fill in the numbered blanks to complete the cost of goods sold sections. Company 1 Year 1 Year 2 Beginning Inventory $190 $ Purchases 1.440 Purchase returns and 50 allowances Purchase 30 discounts 50 Net 1.980 purchases Freight in 140 Cost of goods purchased Cost of goods 2.440 available for sale Ending 360 inventory Cost of goods sold 7,590 7,820 1.180 14 1.470 Below are the cost of goods sold sections for the most recent two years for two companies using a periodic inventory system: Company 2 Fill in the numbered blanks to complete the cost of goods sold sections. Company 1 Year 1 Year 2 uning $190 itory 1.440 Year 1 Year 2 $ $1,080 $ nases 9.020 nase ns 50 110 180 370 ances nase unts 30 50 160 100 1.980 7.590 Bases ht in 140 580 of 7.820 nased of 5 able 2,440 360 1,180 1.460 28 itory of 5 sold 1 1.470 boldt
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