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Need help doing all of problem 7-2a! thanks Need the answers asap! Problem 7-1A Name: Section: Enter the appropriate amount or item in the shaded
Need help doing all of problem 7-2a! thanks Need the answers asap!
Problem 7-1A Name: Section: Enter the appropriate amount or item in the shaded cells. If the Total Cost of the Inventory is incorrect for any date, an asterisk (*) will appear ONLY to the right of the Total Cost column. 1. Use the table to determine the Cost of Merchandise Sold and the ending inventory balance. Purchases Date Jan. 1 Quantity Cost of Merchandise Sold Unit Cost Total Cost Quantity Unit Cost Total Cost Inventory Quantity Unit Cost Total Cost 50 $ 20 $ 1,000 7 20 30 Feb. 8 10 27 28 Mar. 5 13 23 30 31 Balances Total cost of merchandise sold: 2. Use the journal page below to prepare the journal entry. JOURNAL Date Description 3. Gross Profit for the sales period: 4. Ending Inventory Cost: Post Ref. Page 1 Debit Credit Problem 7-2A Name: Section: Enter the appropriate amount or item in the shaded cells. If the Total Cost of the inventory is incorrect for any date, an asterisk (*) will appear ONLY to the right of column K, "Total Cost." 1. Complete the table below to determine the Cost of Merchandise Sold and the balance of ending inventory. Purchases Date Jan. 1 7 Quantity Unit Cost Cost of Merchandise Sold Total Cost Quantity Unit Cost 20 30 Feb. 8 10 27 28 Mar. 5 13 23 30 31 Balances Total cost of merchandise sold: 2. Gross Profit for the sales period: 3. Ending Inventory Cost: Total Cost Inventory Quantity Unit Cost Total Cost 50 $ 20 $ 1,000Step by Step Solution
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