The Playa Company has the following information in its records. Certain data have been intentionally omitted ($ in thousands). Required: Determine the missing numbers. (Enter all amounts as positive numbers. Enter your answers in thousands.)

Particulars                                      2021                2022                    2023

Beginning Inventory                        277                253                         235

Cost of Goods sold                          633                623                         586

Ending inventory                             253              235                          220

Cost of good available for sale       886                876                         806

Purchases                                         640                623                         595

Purchase discounts                           20                   17                            26

Purchase returns                               26                   32                            16

Freight-in                                            15                    34                            18

Explanation:

There are few missing values which are calculated using back solving technique. These values are bold and underlined. Playa Company has missing information for its three year accounts.

Available for sale = Beginning inventory + Net Purchases

Cost of Goods Sold =  Cost of good available for Sales - Ending inventory

Ending inventory = Cost of Goods available for Sales - Cost of Goods Sold.

Net purchases = Gross purchases + Freight in - Purchase discount - Purchase return

preparation and planning skill.

knowledge of the subject matter being negotiated.

ability to think clearly and rapidly under pressure and uncertainty.

ability to express thoughts verbally.

listening skill.

judgment and general intelligence.

integrity.

ability to persuade others.

Thank you