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ABC Company uses perpetual inventory system with the following purchase and sales transaction Activities Unit Acquired Cost / unit Unit Sold Sales Price / Date
ABC Company uses perpetual inventory system with the following purchase and sales transaction Activities Unit Acquired Cost / unit Unit Sold Sales Price / Date unit Apr 1 15 USD 3,000 35 USD 3,500 18 USD 12,000 Apr 6 Apr 9 Apr 17 Apr 25 Apr 30 Beginning Inventory Purchase Sales Purchase Purchase Sales Total 8 USD 4,500 USD 4,580 10 USD 14,000 30 48 68 Required 1. Compute Ending Inventory by the company using: Moving Average (10) 2. Compute Gross Profit earned by the company using Moving Average(10) 3. Prepare the journal entry on April 6 and April 9. (5) 4. Prepare the journal entry, if the ending inventory is 19 unit based on the stock-opname. (2,5) 5. Prepare the closing entry for sales revenue (2,5)
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