Question
How are you getting this answer. Literally the inventory matches on the perpectual record so I am so beyond lost c. A physical inventory account
How are you getting this answer. Literally the inventory matches on the perpectual record so I am so beyond lost
c. A physical inventory account resulted in the following counts: desk lamps, 995; table lamps, 5,688, and floor lamps, 15,20 Desk lamps: Inventory on Hand Purchases Unit Cost Total Cost Cost of Goods Sold Unit Total Quantity Cost Cost Quantity Date S Table Lamps: Purchases Unit Cost Cost of Goods Sold Unit Quantity Cost Cost Total Cost Total Quantity Date Sep. 30 Oct 1 Inve Floor lamps: Purchases Inventory on Hand Unit Cost Total Cost Cost of Goods Sold Unit Total Quantity Cost Cost Quantity Date Show transcribed data Expert Answer Anonymous answered this 4,410 answers Journal Entry: Date accounts and explanation Debit $ Credit $ 31-Dec Cost of Goods Sold 358 Merchandise Inventory 358 (Adjustment for inventory shrinkage) Amount $ Dect lamps 70 Table lamps 288 Floor lamps 0 total 358
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