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-   -   Find Missing Information for COGS (https://www.askmehelpdesk.com/showthread.php?t=640596)

  • Mar 3, 2012, 12:03 AM
    k1990
    1 Attachment(s)
    Find Missing Information for COGS
    Need help finding (a) which is Beginning Inventory.
  • Mar 3, 2012, 07:36 AM
    pready
    First you start with COGS available for sale, then reverse your transactions for transportation in, purchase discounts, purcahse returns & allowances, and purchases (gross) to get your Beginning inventory.

    $7,110 - 150 + 200 + 470 - 6,230 = $ 1,400 Beginning Inventory.

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