E5-15 Below is a series of cost of goods sold sections for companies B, F, L, & R.
B F L R
Beginning Inventory $150 70 1000 (J)
Purchases 1600 1080 (G) 43590
Purchase returns and allowances 40 (D) 290 (K)
Net Purchases (a) 1030 6210 41090
Freight-In 110 (E) (H) 2240
Cost of goods purchased (b) 1280 7940 (L)
Cost of goods available for sale 1820 1350 (I) 49530
Ending Inventory 310 (F) 1450 6230
Cost of goods sold (C) 1230 7490 43300
Fill in the lettered blanks to complete the cost of goods sold sections.
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