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Quiz Enish Following is a list of transactions for NEBT P/L NEBT P/L uses a perpetual average costuwentory system and is registered for GST. 1.

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Quiz Enish Following is a list of transactions for NEBT P/L NEBT P/L uses a perpetual average costuwentory system and is registered for GST. 1. Complete the inventory table below (12 Marks). 2. Answer the questions following the table (3 Marks) Each box must be completed if there is no value then enter a zero All answers are numbers which consist only of the digits 0 to 9. Symbols or punctuation or oud NOT be incorporated in answers Date Description 01/06/18 Had 8 units of inventory on hand at a cost of $100 02/06/18 Purchased 8 units at $106 each (GST Exl) 08/06/18 Sold 14 units at $200 each 23/06/18 Purchased 20 units. Total invoice was for $2508 30/06/18 Sold 17 units at $220 each Purchases Unit Cost Cost of Sales Unit Cost Total Cost Qty Total Cost Date 07/06/18 Qty Qty Inventory On Hand Unit Cost Total Cost 100 BDO 02/06/18 08/06/18 23/06/18 30/06/18 What is the total cost of Goods Sold? 2 Marks What is the value of ending inventory? 1 Marks

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