07-1A_22e - Total Cost Quantity Unit Cost Total Cost...

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Problem 7-1A 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 appear ONLY to the right of the Total Cost column 1. Use the table to determine the Cost of Merchandise Sold and the ending inventory balance. 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 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.

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07-1A_22e - Total Cost Quantity Unit Cost Total Cost...

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