Solution-Determine the cost of merchandise sold

Determine the cost of merchandise sold

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Reference no: EM13833716

Enter the appropriate amount or item in the shaded cells.

If the Total Cost of the inventory is incorrect for any date, an asterisk (*) will appear ONLY to the right of column K, "Total Cost."

1. Complete the table below to determine the Cost of Merchandise Sold and the balance of ending inventory.


Date	Purchases			Cost of Merchandise Sold			Inventory
	Quantity	Unit Cost	Total Cost	Quantity	Unit Cost	Total Cost	Quantity	Unit Cost	Total Cost
	Quantity	Unit Cost	Total Cost	Quantity	Unit Cost	Total Cost	Quantity	Unit Cost	Total Cost
Jan. 1							50	$ 20	$ 1,000
7

20

30
Feb. 8
10

27

28

Mar. 5

13

23


30


31	Balances

1. Total cost of merchandise sold:

2. Gross Profit for the sales period:

3. Ending Inventory Cost:

Reference no: EM13833716

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Determine the cost of merchandise sold : Complete the table below to determine the Cost of Merchandise Sold and the balance of ending inventory.

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Determine the cost of merchandise sold

Reference no: EM13833716

Reference no: EM13833716

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