of tion 1. Complete the inventory table below (12 Marks). 2. Answer the 2 questions following...

 

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of tion 1. Complete the inventory table below (12 Marks). 2. Answer the 2 questions following the table (3 Marks) Each box must be completed - if there is no value then enter a zero. All answers are numbers which consist only of the digits 0 to 9. Symbols or punctuation marks should NOT be incorporated in answers. Date 01/06/18 02/06/18 08/06/18 23/06/18 30/06/18 Date 01/06/18 02/06/18 08/06/18 23/06/18 30/06/18 8 0 ✓ Description Had 8 units of inventory on hand at a cost of $100 Purchased 8 units at $106 each (GST Exl) Sold 14 units at $200 each Purchased 20 units. Total invoice was for $2,508 Sold 17 units at $220 each 20 0 ✓ Qty 106 0 Purchases Unit Cost 125.4 x 0 848 0 Total Cost 2508 x 0 What is the total Cost of Goods Sold? 6540 What is the value of ending inventory? 4156 > 0 14 0 ✔ 17 x 2 Marks x 1 Marks Qty x x Cost of Sales Unit Cost 0 200 0 220 X 0 X 2800 Total Cost 0 3740 8 x x x 0 0 0 0 Qty Inventory On Hand Unit Cost 100 x x x x 0 0 0 0 x 800 x x x 0 0 0 0 Total of tion 1. Complete the inventory table below (12 Marks). 2. Answer the 2 questions following the table (3 Marks) Each box must be completed - if there is no value then enter a zero. All answers are numbers which consist only of the digits 0 to 9. Symbols or punctuation marks should NOT be incorporated in answers. Date 01/06/18 02/06/18 08/06/18 23/06/18 30/06/18 Date 01/06/18 02/06/18 08/06/18 23/06/18 30/06/18 8 0 ✓ Description Had 8 units of inventory on hand at a cost of $100 Purchased 8 units at $106 each (GST Exl) Sold 14 units at $200 each Purchased 20 units. Total invoice was for $2,508 Sold 17 units at $220 each 20 0 ✓ Qty 106 0 Purchases Unit Cost 125.4 x 0 848 0 Total Cost 2508 x 0 What is the total Cost of Goods Sold? 6540 What is the value of ending inventory? 4156 > 0 14 0 ✔ 17 x 2 Marks x 1 Marks Qty x x Cost of Sales Unit Cost 0 200 0 220 X 0 X 2800 Total Cost 0 3740 8 x x x 0 0 0 0 Qty Inventory On Hand Unit Cost 100 x x x x 0 0 0 0 x 800 x x x 0 0 0 0 Total

Answer rating: 100% (QA)

Date 01062018 02062018 08062018 23062018 Purchase Cost of Sales Inventory on Hand Qty Unit ... View the full answer