Expert Solutions

Below is a series of cost of goods sold sections for companies A, F, L, and V.

Fill in the lettered blanks to complete the cost of goods sold sections.

A

F

L

V

Beginning inventory $ 297 $ 143 $ 832 $ (j)

Purchases 1,784 1,284 (g) 51,829 

Purchase returns and allowances 95 (d) 345 (k)

Net purchases (a) 1,237 8,810 50,283 

Freight-in 155 (e) (h) 2,663 

Cost of goods purchased (b) 1,462 9,571 (l)

Cost of goods available for sale 2,141 1,605 (i) 58,891 

Ending inventory 369 (f) 1,367 7,407 

Cost of goods sold (c) 1,462 9,036 51,484