For Each of the Following Determine the Missing Amounts

Essay

For each of the following determine the missing amounts. $\begin{array}{lccccc}&\begin{array}{l}\text { Beginning } \\\text { Inventory }\end{array} & \text { Purchases } & \begin{array}{c}\text { Goods Available } \\\text { for Sale }\end{array} & \begin{array}{c}\text { Cost of } \\\text { Goods Sold }\end{array} & \begin{array}{c}\text { Ending } \\\text { Inventory }\end{array} \\\hline\\1.&\$10,000&\underline{\quad\quad}&\$45,000&\$25,000&\underline{\quad\quad}\\2.&\underline{\quad\quad}&\$220,000&\$265,000&\underline{\quad\quad}&\$40,000\end{array}$