Score: 0.73 of 15 pts 1of1(1complete) HW Score: 4.85%, 073 of 15 pts ) Comp6-1 (similar to) Question Help * The James Lamp Company (JLC) is a wholesale company that purchases lamps The triai balance for JLC as of September 30, 2018 follows rom the manufacturer and nesellis them to retail stores The company has three nventory tems: desk lamps, table lamps, and foor lamps. JL.C uses a perpetual inventory system, FIFO method. JLC owns land with a building. which is separated Merchandise Inventory as of Seplember 30 consists of the following lamps nto two parts office space and warehouse space. All expenses associated with (Click the icon to view the Merchandise InventoryJ the office are cabegorized as Administrative E with the warehouse, which is used for the shipping and receiving functions of the company, are categorined as Selling Expenses. In addton to the land and building. AC also owns office fumiture and equipment and warehouse Sxtures The company uses one acoumulated deprecilation account for all the depreciable Click the lcon to view the trial balance.) Expenses. All expenses assocated During the fourth quarter of 2018, JLC completed the following transactions (Clok the loon to view the transactions). Read the equirement 2 and Requirement So.Open inventory rocords for the tre inventory tems and enter opening balances as of September 30, 2018 Complete the inventory records using the following transactions: Oct. 1, 12, 15,28, Nov. 1,6, 15, 18, and Dec. 27.For the year ended December 31, 2018, a account nesuted in the folowing counts desk lamps, 2,482 table lamps, 5.991; and foor lamps, 6,900. Update the inventory records physical inventory Begin with the inventory recond for desk lamps Enter the transactions al of the transactions have end of the period. (Enter the oldest inventory layers ist n chronological order, calculating new inventory on hand balances after each transaction. Once been entered into the perpetual reoord, calculate the quantily and total cost of merchandise inventory purchased, sold, and on hand at the Cost of Goods Sold Inventory on Hand Unit Total Uni Total Date Quentity Cost Coset Quantity Cost Cost Quantiy Coot Cost Sep 30 Odt 1 Enter any number in the edit tields and then dick Check Answe 56 Clear All MacBook Air 8 Score: 0.73 of 15 pts 1of1(1complete) HW Score: 4.85%, 073 of 15 pts ) Comp6-1 (similar to) Question Help * The James Lamp Company (JLC) is a wholesale company that purchases lamps The triai balance for JLC as of September 30, 2018 follows rom the manufacturer and nesellis them to retail stores The company has three nventory tems: desk lamps, table lamps, and foor lamps. JL.C uses a perpetual inventory system, FIFO method. JLC owns land with a building. which is separated Merchandise Inventory as of Seplember 30 consists of the following lamps nto two parts office space and warehouse space. All expenses associated with (Click the icon to view the Merchandise InventoryJ the office are cabegorized as Administrative E with the warehouse, which is used for the shipping and receiving functions of the company, are categorined as Selling Expenses. In addton to the land and building. AC also owns office fumiture and equipment and warehouse Sxtures The company uses one acoumulated deprecilation account for all the depreciable Click the lcon to view the trial balance.) Expenses. All expenses assocated During the fourth quarter of 2018, JLC completed the following transactions (Clok the loon to view the transactions). Read the equirement 2 and Requirement So.Open inventory rocords for the tre inventory tems and enter opening balances as of September 30, 2018 Complete the inventory records using the following transactions: Oct. 1, 12, 15,28, Nov. 1,6, 15, 18, and Dec. 27.For the year ended December 31, 2018, a account nesuted in the folowing counts desk lamps, 2,482 table lamps, 5.991; and foor lamps, 6,900. Update the inventory records physical inventory Begin with the inventory recond for desk lamps Enter the transactions al of the transactions have end of the period. (Enter the oldest inventory layers ist n chronological order, calculating new inventory on hand balances after each transaction. Once been entered into the perpetual reoord, calculate the quantily and total cost of merchandise inventory purchased, sold, and on hand at the Cost of Goods Sold Inventory on Hand Unit Total Uni Total Date Quentity Cost Coset Quantity Cost Cost Quantiy Coot Cost Sep 30 Odt 1 Enter any number in the edit tields and then dick Check Answe 56 Clear All MacBook Air 8
