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Apr 3 Inventory 15 units @ $30 11 Purchase 12 units @ $27 14 Sale 18 units $ 75 21 Purchase 7 units @ $25
Apr 3 | Inventory | 15 units | @ | $30 |
11 | Purchase | 12 units | @ | $27 |
14 | Sale | 18 units |
| $ 75 |
21 | Purchase | 7 units | @ | $25 |
25 | Sale | 10 units |
| $ 80 |
Beginning inventory, purchases and sales data for widgets are as follows:
Complete the inventory cost card assuming the business maintains a perpetualinventory system and calculates the cost of merchandise sold and ending inventoryusing LIFO and journalize the following transactions April 11 and April 25th.
Journalize Transaction for April 25
Note: you can create a Journal template by using Table Tab ( 4 x 4)
Date | Description | Debit | Credit |
Date | Description | Debit | Credit |
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