Inventory Cases are presented in the following table for your completion:
Inventory Cases
|
Case 1
|
Case 2
|
Case 3
|
Case 4
|
Case 5
|
Case 6
|
Beginning Inventory
|
3,000
|
5,000
|
6,400
|
?
|
10,000
|
20,000
|
Ending Inventory
|
?
|
1,400
|
4,300
|
17,300
|
15,000
|
?
|
Purchases
|
262,000
|
?
|
320,000
|
275,000
|
?
|
100,000
|
Cost Of Goods Sold
|
265,000
|
350,000
|
?
|
260,000
|
300,000
|
?
|
Goods Available for Sale
|
?
|
?
|
?
|
?
|
?
|
?
|
Instructions:
Using the above table and information select the appropriate dollar amount for the missing amounts:
Note: Paper, pencil, and a calculator will aid you in calculating the correct amounts.
Give the test a try on your own; but, if you need to see the results, check out
the Inventory Answers I prepared for you.
Question .
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