Number of Unit Inventory Units Cost Unit NRV Item A 6,000 $47 $41 Item B 5,300 60 72 Item C 3,700 65 64 Item D 3,900 40 36 Required: 1. Based on the new information, prepare the journal entry required: 2. Change the Unit Cost for Item A to $30 and prepare the journal entry required: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Based on the new information, prepare the journal entry required: (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet A Record the cost of goods sold. >
Number of Unit Inventory Units Cost Unit NRV Item A 6,000 $47 $41 Item B 5,300 60 72 Item C 3,700 65 64 Item D 3,900 40 36 Required: 1. Based on the new information, prepare the journal entry required: 2. Change the Unit Cost for Item A to $30 and prepare the journal entry required: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Based on the new information, prepare the journal entry required: (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet A Record the cost of goods sold. >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Uramilaben
Transcribed Image Text:Number of
Unit
Inventory
Units
Cost
Unit NRV
Item A
6,000
$47
$41
Item B
5,300
60
72
Item C
3,700
65
64
Item D
3,900
40
36
Required:
1. Based on the new information, prepare the journal entry required:
2. Change the Unit Cost for Item A to $30 and prepare the journal entry required:
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Based on the new information, prepare the journal entry required: (If no entry is required for a transaction/event, select "No Journal
Entry Required" in the first account field.)
View transaction list
Journal entry worksheet
A
Record the cost of goods sold.
>
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