and events wverwysereg December 2011 a physical inventory account resulted in the following cours des ans 2405. Lamps 6.909 and forms 100 Update the inventory records Begin with the inventory record for desklamps. Enter the transactions in chronological order, calculating new inventory on hand balance after each section Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise Inventory purchased sold and on hand at the end of the period in the oldest inventory layers Desk lamps: Purchases Unit Total Cost of Goods Sold Unit Total Quantity Cost Cost Inventory on Hand Unit Total Quantity Cost Cost Date Quantity Cost Cost Sep 30 Oct 1 4500 14 15 Nov. 1 5 15 Dec. 27 31 Totals i Data Table Item Total Cost Desk Lamp Table Lamp Floor Lamp Quantity Unit Cost 3,000 $ 12 $ 4,000 $ 17 1,600 $ 31 $ 36,000 68,000 49,600 153,600 Total Print Done Oct. 1 Purchased lamps on account from Carpathian Lights, terms n/30, FOB destination: 4,500 desk lamps at $14 each 6,000 table lamps at $20 each 3,500 floor lamps at $27 each 12 Sold lamps on account to Harmony Home Furnishings, terms 2/10,n/30: 4,500 table lamps at $46 each 15 Sold lamps on account to Kennesaw Office Supply, terms 3/10, n/30: 900 desk lamps at $17 each 20 Received a check from Harmony Home Furnishings for full amount owed on Oct. 12 sale. 23 Received a check from Kennesaw Office Supply for full amount owed on Oct. 15 sale. 28 Sold lamps on account to Turnpike Home Stores, terms 2/10, n/30: 1,500 table lamps at $46 each 1,100 floor lamps at $68 each 30 Paid amount due to Carpathian Lights from Oct. 1 purchase. 31 Paid salaries, $35,000 (75% selling, 25% administrative). 31 Paid utilities, $2,800 (60% selling, 40% administrative). Nov. 1 Sold lamps on account to Kennesaw Office Supply, terms 1/10, n/30: 2,600 desk lamps at $17 each 5 Purchased lamps on account from Carpathian Lights, terms 1/30, FOB destination: 4,500 desk lamps at $17 each 8,500 table lamps at $21 each 7,000 floor lamps at $30 each 5 Received a check from Tumpike Home Stores for full amount owed on Oct. 28 sale. 8 Received a check from Kennesaw Office Supply for full amount owed on Nov. 1 sale. 10 Purchased and paid for supplies: $425 for the office: $575 for the warehouse 15 Sold lamps on account to Robinson Office Supply, n/30: 1,800 desk lamps at $17 each 18 Sold lamps on account to Metro Discount Stores, terms 2/10, n/30: 2,100 table lamps at $46 each 2,200 floor lamps at $68 each 28 Received a check from Metro Discount Stores for full amount owed on Nov. 18 sale. 30 Paid salaries, $35,000 (75% selling, 25% administrative). 30 Paid utilities, $2,890 (60% selling, 40% administrative). Dec. 5 Paid amount due to Carpathian Lights from Nov. 5 purchase. 15 Received a check from Robinson Office Supply for full amount owed on Nov. 15 sale. 15 Dadds withdrew $20,000 from the business. 27 Sold lamps on account to Harmony Home Furnishings, terms 1/10,n/30: 4,200 desk lamps at $17 each 3,400 table lamps at $46 each 31 Paid salaries, $35,000 (75% selling, 25% administrative). 31 Paid utilities, $3,800 (60% selling, 40% administrative)