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The Playa Company uses a periodic inventory system

The Playa Company uses a periodic inventory system
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ACCOUNTING

Exercise 8-5 (E8-5) 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)

2009 2010 2011
Beginning inventory ? ? 225
Cost of Goods sold 627 621 ?
Ending inventory ? 225 221
Cost of goods available for sale 876 ? 800
Purchases (gross) 630 ? 585
Purchase discounts 18 15 ?
Purchase return 24 30 14
Freight- in 13 32 16

Required
Determine the missing numbers. Show computations where appropriate.

 

FILE: MS WORD

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