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: Fill in the numbered blanks to complete the cost of goods sold sections. Company 1 Company 2 Year 1 Year 2 Year 1 Year 2 $180 $ 320 $940 $ Beginning inventory Purchases 1,430 50 100 180 Purchase returns and allowances Purchase discounts Net purchases Freight in 30 50 140 1350 1,700 7,220 130 1480 7,290 1660 2,070 Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold 320 i 340 1,160 1.340 Below are the cost of goods sold sections for the most recent two years for two companies using a periodic inventory system: Fill in the numbered blanks to complete the cost of goods sold sections. Company 1 Company 2 Year 1 Year 2 Year 1 Year 2 $180 $ 320 $940 $ 1,430 8,880 50 100 180 420 30 50 140 90 1350 1,700 7,220 130 540 1480 7,290 1660 2,070 320 i 340 1,160 1,540 1,340
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