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there's 3 questions to this, please help with all! thank you Required information [The following information applies to the questions displayed below] Sigfusson Supplies reported
there's 3 questions to this, please help with all! thank you
Required information [The following information applies to the questions displayed below] Sigfusson Supplies reported beginning inventory of 150 units, for a total cost of $3,000. The company had the following transactions during the month: January 6 Sold 45 units on account at a selling price of $30 per unit. January 9 Bought 35 units on account at a cost of $20 per unit. January 11 Sold 35 units on account at a selling price of $35 per unit. January 19 Sold 45 units on account at a selling price of $40 per unit. January 27 Bought 35 units on account at a cost of $20 per unit. January 31 Counted inventory and determined that 60 units were on hand. equired: Prepare the journal entries that would be recorded using a periodic inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 2. Prepare the joumal entries that would be recorded using a perpetual inventory system, including any "book-to-physical" adjustment that might be needed. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. 3-a. What is the dollar amount of shrinkage that you were able to determine in periodic inventory system? 3-b. What is the dollar amount of shrinkage that you were able to determine in perpetual inventory system Step by Step Solution
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