06-1B_9e - Total Cost Quantity Unit Cost Total Cost...

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Problem 6-1B Name: Section: Enter the appropriate amount or item in the shaded cells. If the Total Cost of the Inventory is incorrect for any date, an asterisk (*) will ONLY appear to the right of column K, "Total Cost." 1. Complete the table below to determine Cost of Merchandise Sold and the balance of the ending inventory. Date Purchases Cost of Merchandise Sold Inventory Quantity Unit Cost
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Unformatted text preview: Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Mar. 1 132 $1,500 $198,000 8 11 22 Apr. 3 10 21 30 May 5 13 21 28 31 Balances Total cost of merchandise sold: 2. Use the journal page below to prepare the journal entry. JOURNAL Page 1 Date Description Post Ref. Debit Credit 3. Gross Profit for the sales period: 4. Ending Inventory Cost:...
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