Landscaping Rocks – July – September

Opening Balance on July 1 – 10 tonnes valued at $1150

Selling Price - $180 per tonne

Date	Purchases	Sales
July 1	20 tonnes @ $130 per tonne
17		6 tonnes
August 4		5 tonnes
12	11 tonnes @ $128 per tonne
15		9 tonnes
28		3 tonnes
Sept 3	Returned 6 tonnes from August 12 purchase (rocks were damaged when delivered)
8		4 tonnes
15	12 tonnes @ $130 per tonne
A stocktake on September 30 indicated 20 tonnes on hand

Timber Beams – July – September

Opening Balance on July 1 – 50 beams valued at $600

Selling Price - $22 per beam

Date	Purchases	Sales
July 6	200 beams @ $10 each
12		80 beams
21	130 beams @ $11 each
August 9		150 beams
18		150 beams
25	200 beams @ $12 each
28		50 beams returned (wood was warped and unusable)
Sept 6		100 beams
8	Returned 50 beams from July 21 purchase (warped beams)
A stocktake on September 30 indicated 90 beams on hand

1. provided you with information and asked you to calculate COGS and Gross Profit for (show calculations)

1A) Landscaping rocks

1B) Timber Beams

2. COMPLETE BOTH STOCK CARDS FOR EACH (show each stockcard using info above as needed)

2a) landscaping rocks

2b) Timber beans