Using the inventory costing method that meets Jane's goals, record the August purchase and sales transactions.

Use your calculations from the previous workbook page for the costs. The selling price per item is $45 each.

Record the transactions for just one costing method - the methods that meets Jane's goals.

Use correct journal format. You may omit transaction explanations. (there may be extra lines)

Journal

Date

Accounts

Post. Ref

Debit

Credit

	Purchases			Cost of Goods Sold			Remaining Inventory on Hand
Date	Quantity	Unit Cost	Total Cost	Quantity	Unit Cost	Total Cost	Quantity	Unit Cost	Total Cost
1-Aug							4	$20	$80
5-Aug	6	$21	$126				4	$20	$80
12-Aug				6	$21	$126	6	$21	$126
				1	$20	$20	3	$20	$60
15-Aug	12	$22	$264				3	$20	$60
							12	$22	$264
28-Aug				6	$22	$132	3	$20	$60
							6	$22	$132