Presented below are the components in determining cost of goods sold. Determine the missing amounts.
beginning inventory purchase cost of goods available for sale
$78,000 $98,000 $Enter the amount. (a)
$48,000 $ Enter the amount. (c) $113,000
$ Enter the amount. (e) $108,000 $158,000
Ending inventory cost of goods sold
$ Enter the amount. (b) $118,000
$33,000 $ enter the amount. (d)
$27,000 $ enter the amount. (f)

Answers

Answer 1
To determine the missing amounts, let's calculate them based on the given information:

(a) The cost of goods available for sale is the sum of the beginning inventory and purchase cost:
Cost of goods available for sale = Beginning inventory + Purchase cost = $78,000 + $98,000 = $176,000.

(b) The ending inventory can be found by subtracting the cost of goods sold from the cost of goods available for sale:
Ending inventory = Cost of goods available for sale - Cost of goods sold = $176,000 - $118,000 = $58,000.

(c) The missing amount is the cost of goods sold, which can be calculated by subtracting the ending inventory from the cost of goods available for sale:
Cost of goods sold = Cost of goods available for sale - Ending inventory = $176,000 - $58,000 = $118,000.

(d) The missing amount is the purchase cost, which can be calculated by subtracting the beginning inventory from the cost of goods available for sale:
Purchase cost = Cost of goods available for sale - Beginning inventory = $176,000 - $78,000 = $98,000.

(e) The missing amount is the beginning inventory, which is already given as $78,000.

(f) The missing amount is the ending inventory, which is already calculated as $58,000.

Therefore, the missing amounts are:
(a) $176,000
(b) $58,000
(c) $118,000
(d) $98,000
(e) $78,000
(f) $58,000

Related Questions

According to the activation-synthesis hypothesis, neural stimulation from which part of the brain is responsible for the random signals that lead to dreams?
Occipital Lobe
Frontal Lobe
Pons
Thalamus
Hippocampus

The answer is Pons *had to make a question bc it wasn’t allowing me to respond to peoples questions*

Answers

According to the activation-synthesis hypothesis, neural stimulation from the pons is responsible for the random signals that lead to dreams.

Pons

What is the activation-synthesis hypothesis?

The activation-synthesis hypothesis proposes that dreams are a result of the brain's attempt to make sense of random neural activity during REM (rapid eye movement) sleep, which is the stage of sleep associated with vivid dreaming.

The pons, located in the brainstem, is involved in regulating REM sleep and is believed to send random signals to the cerebral cortex, which is responsible for higher cognitive functions. These random signals are then interpreted by the brain as dream experiences, creating the content of our dreams.

Learn more about neural stimulation at

https://brainly.com/question/6885560

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