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Help Save & Che Required information Use the following information for the Quick Study below. Trey Monson starts a merchandis
Help Save mirns en una paremini 1 Are Terminer unes are C Required Information Specific Identification Perpetual: Goods purch
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Answer #1
STATEMENT SHOWING INVENTORY RECORD UNDER PERPETUAL SPECIFIC IDENTIFICATION METHOD
RECIEPTS COST OF GOODS SOLD BALANCE
DATE UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ UNITS RATE AMOUNT $
07-Dec 15 18 270 15 18 270
14-Dec 30 27 810 15 18 270
30 27 810
Total 45 1080
Dec-15 12 18 216 3 18 54
13 27 351 17 27 459
Total 25 567 20 513
Dec-21 25 32 800 3 18 54
17 27 459
25 32 800
TOTAL 55 1610 25 567 45 1313
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