Applying the cost of goods sold model

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Reference no: EM13953571

Applying the Cost of Goods Sold Model

The following amounts were obtained from the accounting records of Steed Company:

Required:

Compute the missing amounts.

	2011	2012	2013
Beginning inventory	$10,600	$	$
Net purchases		64,300	64,100
Ending inventory	11,200		13,750
Cost of goods sold	44,500	49,800

Reference no: EM13953571

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