ACC 281 Week 1 Exercise E5-15

ACC 281 Week 1 Exercise E5-15 - ( c ) 1,230 7,490 43,300...

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Beginning inventory $150 $70 $1,000 ( j ) Purchases 1,600 1,080 ( g ) 43,590 40 ( d ) 290 ( k ) Net purchases ( a ) 1,030 6,210 41,090 Freight-in 110 ( e ) ( h ) 2,240 Cost of goods purchased ( b ) 1,280 7,940 ( l ) Cost of goods available for sale 1,820 1,350 ( i ) 49,530 Ending inventory 310 ( f ) 1,450 6,230 Cost of goods sold
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Unformatted text preview: ( c ) 1,230 7,490 43,300 (a) = 1600-40 = 1560 (b) = 1560+110 = 1670 (c) = 1820-310= 1510 (d)= 1080-1030= 50 (e) = 1280-1030= 250 (f) = 1350-1230 = 120 (g) = 6210+290=6500 (h) = 7940-6210= 1730 (i) = 1000+7940 = 8940 (j)=49530-43330= 6200 (k)= 43590-41090=2500 (l)=41090+2240 = 43330...
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