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Chapter 7 B Problem Solutions

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

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Prob. 7–1B 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

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Prob. 7–1B 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. 7–2B 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 28 100 21 2,100 75 100 20 21 1,500 2,100 30 100 10 21 20 2,100 200 65 20 1,300 Feb. 5 20 20 400 45 20 900 10 120 22 2,640 45 120 20 22 900 2,640 16 90 22 1,980 45 30 20 22 900 660 28 30 20 22 20 660 400 25 20 500
Purchas es Cost of Merchandise Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Mar. 5 175 24 4,200 25 175 20 24 500 4,200 14

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

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