Question
Question 2 [14 points] The Courtland Corp company hin the following purchases and sales during the year ended December 31, 2014 Inventory and Purchases
Question 2 [14 points] The Courtland Corp company hin the following purchases and sales during the year ended December 31, 2014 Inventory and Purchases Begning 300 units 500 March 3 February 25 200 units $76ne 300 unt November 24 200 units May 13 200 unts $53unt The units have a selling price of $100.00 per un a) Given that Courtland Corp employs a perpetual invertory system, calculate the cost of goods available for sale and the number of uns available for sale a Cost of goods atate for sale Ons avaade for sale Units remaining in ending every 50500 700 to Please Man the table by calculating the dolar value of cost of goods sold and ending invertory, as well as the gros nearest cont Cost of Goods Sold Enang inventury Gross Profit Weighted Average 525 c) Prepare journal entries to record the following (assuming all sales and purchases are for cash) ga) The purchase on May 13, The sale on November 24 Enter the transaction letter as two separate journal entries ane the same letter for both descriptions Dates must be entered in the format damn de 15Jan Cu General 300 Account aplanation Page C Detal Creat SUBMIT AND MARK when preparing sesame ry When at ENG =
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