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PLEASE DO ALL THE REQUIREMENTS ITS DUE SOON a. Determine the cost of goods...

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Accounting

imagePLEASE DO ALL THE REQUIREMENTS ITS DUE SOON

a. Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the specit method. Assume the following costing information for the books sold during the month: August 3: 6 books costing $20 each August 15: 5 books costing $20 each and 7 books costing $22 each August 28: 2 books costing $22 each and 5 books costing $28 each Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on har transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of mero purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers first.) More info

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