Assignment: Given inventory data below, complete for the following 3 entries for both the Perpetual.


Question Description:

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Assignment: Given inventory data below, complete for the following 3 entries for both the Perpetual. 1 answer below » Assignment: Given inventory data below, complete for the following 3 entries for both the Perpetual and Periodic inventory methods: Purchase of inventory items Sale of inventory items End of period entries (if necessary) Beginning inventory $50,000 Purchases $125,000 Ending inventory $75,000 Sales $165,000 COGS $100,000 You must utilize the attached excel worksheet to complete. Do not alter the formatting of the spreadsheet Do not delete tabs, columns or rows Do not change column headers or descriptions Do not alter formatting, shading or colors After completed have one team member submit the View complete question » Assignment: Given inventory data below, complete for the following 3 entries for both the Perpetual and Periodic inventory methods: Purchase of inventory items Sale of inventory items End of period entries (if necessary) Beginning inventory $50,000 Purchases $125,000 Ending inventory $75,000 Sales $165,000 COGS $100,000 You must utilize the attached excel worksheet to complete. Do not alter the formatting of the spreadsheet Do not delete tabs, columns or rows Do not change column headers or descriptions Do not alter formatting, shading or colors After completed have one team member submit the assignment through the Assignments Link. You do not need to submit a peer evaluation for this assignment. Document Preview: 0
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50000

125000

75000

165000

100000

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5

5

Week 3 – Learning Team Mini-Assignment
PERIODIC AND PERPETUAL INVENTORY METHODS
Inventory data
Beginning inventory
Purchases
Ending inventory
Perpetual inventory method
Debit
Credit
Periodic inventory method
Sales
COGS
Part 1: Prepare
PURCHASE
entries for each method
Part 2: Prepare
SALES
entries for each method
Part 3: Prepare
END OF PERIOD
entries for each method (IF NECESSARY)
Grade
Possible
Points Attachments: Wk3-LTMA-Work….xlsx View less » Jul 29 2015 05:47 PM

Answer

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