calculate cost of inventory sold

Journal entry worksheet (1) ,10 12 16 Sold 66 watches for $50,160 on account. Record the cost of inventory sold. Note: Enter debits before credits. Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion. She notices that a few clinic participants wear multiuse (MU) watches. Beyond the normal timekeping features of most watches, MU watches are able to report temperature, altitude, and barometric pressure. MU watches are waterproof, so moisture from kayaking. rain, fishing, or even diving up to 100 feet won't damage them. Suzle decides to have MU watches avaliable for sale at the start of each clinic. The following transactions relate to purchases and sales of watches during the second half of 2025. All watches are sold for $760 each. July 17 Purchased 89 watchen for $13,350 ( $150 por watch) on account. July 31 Sold 66 watches for $50,160 cash. August 12 Purchased 66 watches for $10,560 ( $160 per watch) cash. August 22 sold 56 watchent for $42,560 on account. September 19 paid for watches purehased on July 17. Soptember 27 Receive cash of $25,536 for watehea sold on abcount on August 22 . Oetober 27 Purchased 145 watches for $24,215 ( $167 per watch) cash. Novenber 20 Sold 126 vatchen for 595,760 cash. December 4 purchased 126 watehes for $22,302 ( $177 per wateh) on account. December 8 Sold 66 watches for $50,160 on account