Determine the appropriate journal entry for inventory You review the data for inventory on hand on December 31, 2022 for the five products, included in the chart below. The costs to sell the pods is $0.02 / unit. Given this information, you are to determine if a journal entry is required for inventory and at what amount. Show your work in the Student Work Area below. Cost / Unit Product Columbia Ethiopia Peru Costa Rica Mexico Total Journal Entry: 3.05 2.95 2.80 2.20 2.25 Quantity Inventory Value 79,406.75 68,929.70 56,487.20 50,974.00 45,040.50 26,035 23,366 20,174 23,170 20,018 112,763 300,838.15

Determine the appropriate journal entry for inventory You review the data for inventory on hand on December 31, 2022 for the five products, included in the chart below. The costs to sell the pods is $0.02 / unit. Given this information, you are to determine if a journal entry is required for inventory and at what amount. Show your work in the Student Work Area below. Cost / Unit Product Columbia Ethiopia Peru Costa Rica Mexico Total Journal Entry: 3.05 2.95 2.80 2.20 2.25 Quantity Inventory Value 79,406.75 68,929.70 56,487.20 50,974.00 45,040.50 26,035 23,366 20,174 23,170 20,018 112,763 300,838.15

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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