Chapter 7 B Problem Solutions

Chapter 7 B Problem Solutions - Prob. 71B 1. Purchas es...

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Unformatted text preview: Prob. 71B 1. Purchas es Cost of Merchandise Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Jan. 1 75 20 1,500 10 200 21 4,200 75 200 20 21 1,500 4,200 28 75 25 20 21 1,500 525 175 21 3,675 30 110 21 2,310 65 21 1,365 Feb. 5 20 21 420 45 21 945 10 120 22 2,640 45 120 21 22 945 2,640 16 45 45 21 22 945 990 75 22 1,650 28 50 22 1,100 25 22 550 Mar. 5 175 24 4,200 25 175 22 24 550 4,200 14 25 95 22 24 550 2,280 80 24 1,920 25 150 25 3,750 80 150 24 25 1,920 3,750 30 80 20 24 25 1,920 500 130 25 3,250 31 Balance s 13,040 3,250 Prob. 71B Concluded 2. Accounts Receivable.................................. 26,310 Sales....................................................... 26,310 Cost of Merchandise Sold.......................... 13,040 Merchandise Inventory......................... 13,040 3. $13,270 ($26,310 $13,040) 4. $3,250 (130 units $25) Prob. 72B 1....
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This note was uploaded on 10/05/2010 for the course ACCOUNTING n/a taught by Professor N/a during the Summer '09 term at Kaplan University.

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Chapter 7 B Problem Solutions - Prob. 71B 1. Purchas es...

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