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do not use info -starting 10 books at $15 instead use other infor starting 15 books at $15 Wise Books has the following transactions in
do not use info -starting 10 books at $15 instead use other infor starting 15 books at $15
Wise Books has the following transactions in August related to merchandise inventory i Click the icon to view the transactions) Read the requirements Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the specific identification method. Assume the following costing information for the books sold during the month: August 3: 4 books costing $15 each August 15: 4 books costing $15 each and books costing $2 each August 28 2 books costing $21 each and 5 books costing $26 each Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand balances her each transaction. Once all of the transactions have been entered into the perpet cord, calculate the quantity and total cost of merchandise inventory purchased sold, and on hand at the end of the period. (Enter the oldest inventory layers first.) Purchases Cost of Goods Sold Inventory on Hand Total Unit Total Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Unit Aug. 1 12 15 ater any number in the edit fields and then continue to the neat question record, calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers first) Purchases Unit Cost Total Cost Cost of Goods Sold Unit Total QuantityC ost Cost Inventory on Hand Unit Total Quantity Cost Cost Date Quantity Enter any number in the edit fields and then continue to the next question 5. Wise Books has the following transactions in August related to merchandise inventory Click the icon to view the transactions) Read the recements b. Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the FIFO inventory costing method Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand balances her each transaction. Once all of the transactions record, calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. Enter the oldest inventory layers first) Purchases Cost of Goods Sold Inventory on Hand Unit Unit Total Unit Total Cost Total Cost Date Quantity Cost Quantity Cost Cost Quantity Cost Click the icon to view the transactions) Read the requirements Determine cost of goods sold and ending merchandise inventory by preparing a pre v entory record using the UFO ventory costing method Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand balances ahor each transaction. Once all of the transactions have been acord, calculate the quantity and total cost of merchandise inventory burchased sold and on hand at the end of the period E e st o ry layerist) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity UNICO w y o n a mer en transaction Once wormheasacions record, calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. Round weighted average unit cost to the nearest cont and cost to Purchases Unit Total Cost Cost of Goods Sold Unit Total Quantity Cost Cost Inventory on Hand Unit Total Quantity C ost Cost Date Quantity Cost Aug. 1 Enter any number in the edit fields and then continue to the next question More Info of the Aug. Beginning merchandise inventory, 10 books @ $15 each 3 Sold 3 books @ $20 each 12 Purchased 8 books @ $18 each 15 Sold 9 books @ $20 each 20 Purchased 4 books @ $20 each 28 Sold 5 books @ $25 each Print Done Done in August related to merchandise inventory. g merchandise inventory by preparing a perpetual inventory record using the specific identification method. Assumes the following cos $15 each $15 each and 8 books costing $21 each $21 each and 5 books com ces. Enter the transaction merchandise inventory pur 1 More Info fion. Once all of the st.) Cost of Goods Unit Quantity Cost Aug. 1 Beginning merchandise inventory, 15 books @ $15 each 3 Sold 4 books @ $19 each 12 Purchased 11 books @ $21 each 15 Sold 12 books @ $19 each 20 Purchased 6 books @ $26 each 28 Sold 7 books @ $22 each Print Done continue to the next question. in August related to merchandise inventory. g merchandise inventory by preparing a perpetual inventory record using the specific identification method. Assume the following cos $15 each $15 each and 8 books costing $21 each $21 each and 5 books com ces. Enter the transaction More Info merchandise inventory pur fion. Once all of the st.) Cost of Goods Unit Quantity Cost Aug. 1 Beginning merchandise inventory, 15 books @ $15 each 3 Sold 4 books @ $19 each 12 Purchased 11 books @ $21 each 15 Sold 12 books @ $19 each 20 Purchased 6 books @ $26 each 28 Sold 7 books @ $22 each Print Done continue to the next Step by Step Solution
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