Determine the missing numbers


The Playa Company uses a periodic inventory system. The following information is taken from Playa's records. Certain data have been intentionally omitted. ($ in thousands)

Required:
Determine the missing numbers. (Enter your answers in thousands.)

2011 2012 2013
Beginning inventory _____ _____ 225
Cost of goods sold 627 621 _____
Ending inventory _____ 225 216
Cost of goods available for sale 876 _____ 800
Purchases (gross) 630 _____ 585
Purchase discounts 18 15 _____
Purchase returns 24 30 14
Freight-in 13 32 16

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Determine the missing numbers
Reference No:- TGS0713183

Expected delivery within 24 Hours