Question
Physical Inventory Count and Adjusting Entry Apache Stores conducted a physical inventory at December 31. The items counted during the physical inventory are listed below.
Physical Inventory Count and Adjusting Entry Apache Stores conducted a physical inventory at December 31. The items counted during the physical inventory are listed below. Apaches accountant provided the unit costs. Item Description December 31 Count Unit Cost Colorado wool sweaters 48 $32 Magnum wool sweaters 27 34 Johnson jackets 50 30 Magnum caps 45 12 Evans caps 26 10 Colorado shirts 72 20 Johnson shirts 68 15 Magnum boots 45 60 Required Prepare a schedule to determine the total cost of each item in the inventory and the total cost of the complete inventory at December 31. Item Description 12/31 Count Unit Cost Total Cost Colorado wool sweaters Answer 0 x $Answer 0 = $Answer 0 Magnum wool sweaters Answer 0 x Answer 0 = Answer 0 Johnson jackets Answer 0 x Answer 0 = Answer 0 Magnum caps Answer 0 x Answer 0 = Answer 0 Evans caps Answer 0 x Answer 0 = Answer 0 Colorado shirts Answer 0 x Answer 0 = Answer 0 Johnson shirts Answer 0 x Answer 0 = Answer 0 Magnum boots Answer 0 x Answer 0 = Answer 0 $Answer 0
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