Golf Haven Superstore carries an inventory of putters and other golf clubs. The sales price of each putter is $144. Company records indicate the following for a particular line of Golf Haven Superstore's putters View the records. Read the requirements. Requirement 1. Prepare Golf Haven Superstore's perpetual inventory record for the putters assuming Golf Haven Supersto Round weighted average cost per unit to the nearest cent and all other amounts to the nearest dollar. Then identify the cost Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory c been entered into the perpetual record, calculate the quantity and total cost of inventory purchased, sold, and on hand at the Date Quantity Jun 1 Jun 0 Jun 8 12 Purchases Unit Cost 75 Total Cost 900 CIC Cost of Goods Sold Unit Total Quantity Cost Cost 25 72 $ 144 Inventory on Hand Unit Quantity Cost 85 Os 6 72 S 72 S Total Cost 570 432 450 Records Date Jun. 1 Jun. 6 Jun. 8 Jun. 17 Jun. 30 Item Balance Sale Purchase Sale Sale Print Quantity Unit Cost 72 05 2 12 12 4 Done 75

Golf Haven Superstore carries an inventory of putters and other golf clubs. The sales price of each putter is $144. Company records indicate the following for a particular line of Golf Haven Superstore's putters View the records. Read the requirements. Requirement 1. Prepare Golf Haven Superstore's perpetual inventory record for the putters assuming Golf Haven Supersto Round weighted average cost per unit to the nearest cent and all other amounts to the nearest dollar. Then identify the cost Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory c been entered into the perpetual record, calculate the quantity and total cost of inventory purchased, sold, and on hand at the Date Quantity Jun 1 Jun 0 Jun 8 12 Purchases Unit Cost 75 Total Cost 900 CIC Cost of Goods Sold Unit Total Quantity Cost Cost 25 72 $ 144 Inventory on Hand Unit Quantity Cost 85 Os 6 72 S 72 S Total Cost 570 432 450 Records Date Jun. 1 Jun. 6 Jun. 8 Jun. 17 Jun. 30 Item Balance Sale Purchase Sale Sale Print Quantity Unit Cost 72 05 2 12 12 4 Done 75

Name: Golf Haven Superstore carries an inventory of putters and other golf
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Description: Golf Haven Superstore carries an inventory of putters and other golf clubs. The sales price of each putter is $144. Company records indicate the following for a particular line of Golf HavenSuperstore's puttersView the records.Read the requirements.

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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