what is the adjusting journal entry?

TUOVO 15 VVU. U UU WGG WILGI UUU UGU LUGU 8. JAR uses a FIFO perpetual inventory system. However, additional inventory of bags of dog food was discovered in a delivery Ivan after the final inventory counts and adjustements. Using information on TAB 4; calculate the value of the dog food inventory using PERPETUAL FIFO, LIFO and Avg Cost. Put your work and answers where indicated on the Tab 4. Prior to the discovery of the dog food in the van, only one bag (cost of $4.45) of this brand of dog food was reported in ending inventory. Based on your calculation of the amount and cost of the dog food using PERPETUAL FIFO, prepare the adjusting entry to add the cost of the 14 additional bags of inventory discoved to Inventory and subtract from COGS E n dearenn The forte ha donat el labella Sales and Purchase Schedule of Happy Pet Dog Food 20 lb bags in 2020 Cost of Goods Units Groes Units Sold Sales Price Total Sale Ending inventory Unit Cost 10 S 4.00 Total Cost $ 40.00 ANSWERS PIFO 8.00 8.20 $ $ 16.00 49,20 Avg Cost "The answers should be in dollars 45.00 8.20 $ 57.40 Description 1/1/20 Beginventory 1/31/0 Sale 2/29/10 Sale 2/31/10 Purchase 4/10/10 Sale 6/30/10 Purchase 3/11/10 Sale 9/3 Purchase 10/15/20 tale 11 Purchase 12/31/20 Sale TOTALS 45.50 1450 14 8.25 $ 123.75 17 can be done in any space on this worksheet