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Unformatted text preview: Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Jan. 1 50 $20 $1,000 7 20 30 Feb. 8 10 27 28 Mar. 5 13 23 30 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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This note was uploaded on 03/12/2011 for the course ACCT 2011 taught by Professor Field during the Fall '09 term at University of Minnesota Morris.
- Fall '09