Meyy.com/homework-help/questions-and-answers/sunland-company-sells-office-equipmery 1 = Chegg Study Textbook Solutions Expert Q&A Study Pack Question: Sunland Conny sells office equipment on July 31, 2022, for ... See this question in the app Practice New Post a question Answers from our experts for homework questions Enter question Sunland Company sells office equipment on July 31, 2022, for $23,830 cash. The office equipment originally cost $79,860 and as of January 1, 2022, had accumulated depreciation of $39,690. Depreciation for the first 7 months of 2022 is $4.090. Continue 20 questions Prepare the journal entries to (a) update depreciation to July 31, 2022, and (b) record the sale of the equipment. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Account Titles and Explanation Debit Credit Snap a phc phone to (a) Depreciation Expense Accumulated Depreciation-Equipment My Textbook So (b) Solutions by Chee Health in... Fur 5th Edition ath Solutions Show transcribed image text by Chego bo Expert Answer Was this answer helpful? Accounting 10th Edition kumarr answered this 435 answers Caculate the weighted average unit cost Was this answer helpful? Weighted average unit cost = Total cost/Number units = $791/87 = $9.092 Calculate ending inventory cost: Ending inventory units = 87- 75 = 12 LIFO FIFO Particulars nding inventory at May 31 120.00 96.00 Average cost 109.10 12*9.092 1210 12*8 In fifo method, latest (last) purchased units will be left as ending inventory. In lifo metho, first purchased units will be left as ending inventory. Comment >