Cleopatra, Inc., which uses the perpetual inventory method, recently had an agency count its inventory of frozen burritos. The agency left the following inventory sheet:

Complete the inventory calculations for Cleopatra (items a€“d) and provide the journal entry necessary to adjust ending inventory, if necessary. The balance in Inventory before the physical count was$321.10.

Type of Merchandise Chicken Burrito Beef Burrito Bean Burrito Veggie Burrito Date Purchased 2/12/12 2/18/12 2/08/12 2/15/12 Quantity on Hand 50 19 Unit Cost Inventory Amount $2.50 $60.80 $65.10 $81.70 ($2.10 43