Question
The following transactions relate to a computer game sold by Wiley Louvres Ltd for the period 1 Jan - 31 Dec 2012. Jan 1Beginning Inventory
The following transactions relate to a computer game sold by Wiley Louvres Ltd for the period 1 Jan - 31 Dec 2012.
Jan 1Beginning Inventory - 4 units @ $150
Mar 3Purchased 5 units - $160
Apr 9Sold 6 units
May 10Purchased 5 units @ 165
Aug 22Sold 4 units
PURCHASES
SALES
COGS
ENDING INVENTORY
Date
Details
Units
Unit Cost
Total Cost
Units
Units
Unit Cost
Total Cost
Units
Unit Cost
Total Cost
Jan 1
O. Balance
Mar 3
Purchased
Apr 9
Sold
May 10
Purchased
Aug 22
Sold
E. Balance
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Financial Accounting A Business Process Approach
Authors: Jane L Reimers
2nd Edition
131473867, 978-0131473867
