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The entery for September 30 is Quantity = 2000 Unit cost= 5 Total cost= 10000 Comp6-1 (similar to Question He he Reyes Lamp Company (RILC)

The entery for September 30 is
Quantity = 2000
Unit cost= 5
Total cost= 10000 image text in transcribed
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image text in transcribed
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Comp6-1 (similar to Question He he Reyes Lamp Company (RILC) is a wholesale company that rom the manufacturer and resells them purchases lamps The trial balance for RILC as of September 30,2018 follows to retail stores. The company has three ventary ltems desk lamps, tabke umpa, and for lamgs RL nventory system, FIFO method RLC owns land with a building, which is separated into two parts office space and warehouse space. All expenses associated with the office are categorized expemses associated with the warehouse, which is used for the shipping and receiving troti ns the company are categ rized as eling Expenses in addition to the land and building. RL.C also owns office furniture and equipmernt and warehouse fixtures. account for all the depreciable assets (Cick the icon to view the trial balance) Merchandise Inwventory as af September 30 csits af thelalowng lwngs Cick the icon to view the Merchandise Inventory) During the fourth quarter of 2018, RLC complated the following transactions (Cick the icon to view tetran adis) as Administrative Expenses A Read the requiements The company uses one accumulated depreciation Next, prepare complete the inventory record for table lamps. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculiate the quantity and total cost of merchandise inventory purchased sold and on hand at the end of the pariod Remember, for the year ended December 31, 2018, a physical inventory account resulted in the following counts desk lamps 2,486, table lamps, 7,192, and floor lamps, 5,000. (Enter the oldest inventory layers first.) Table lamps: Cost of Goods Sold Inventory on Hand Unit Total Unit Total Cost Qiantityt Cost Cost Unit Total -Cost-I-cost Date Quantity Quantity Cost Sep Oct 1 Nov Dec 27 Enter any number in the eat nelds and then click Check Answer 55 e ViewSonic

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