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Write a COGS Journal Entry derived from this please. Service Description SKU Hours Rate Total Paddle Board Rental 1100 440 $10.00 $4,400.00 Body Board Rental 1200 948 $7.00 $6,636.00 Total Rental Revenue $11, 036.00 Item Description SKU Units Price Total Sunglasses 2100 396 $20.00 $7,920.00 Suntan Lotion 8 oz 2200 436 $10.00 $ 4,360.00 Total Sales Revenue $12, 280.00 Item Description SKU Units AVG Cost Total Sunglasses 2100 396 $10.00 $ 3,960.00 Suntan Lotion 8 oz 2200 436 $6.00 $2, 616.00 Total Cost $6, 576.00

Write a COGS Journal Entry derived from this please. Service Description SKU Hours Rate Total Paddle Board Rental 1100 440 $10.00 $4,400.00 Body Board Rental 1200 948 $7.00 $6,636.00 Total Rental Revenue $11, 036.00 Item Description SKU Units Price Total Sunglasses 2100 396 $20.00 $7,920.00 Suntan Lotion 8 oz 2200 436 $10.00 $ 4,360.00 Total Sales Revenue $12, 280.00 Item Description SKU Units AVG Cost Total Sunglasses 2100 396 $10.00 $ 3,960.00 Suntan Lotion 8 oz 2200 436 $6.00 $2, 616.00 Total Cost $6, 576.00

FINANCIAL ACCOUNTING
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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Write a COGS Journal Entry derived from this please. Service Description SKU Hours Rate Total Paddle Board Rental 1100 440 $10.00 $4,400.00 Body Board Rental 1200 948 $7.00 $6,636.00 Total Rental Revenue $11, 036.00 Item Description SKU Units Price Total Sunglasses 2100 396 $20.00 $7,920.00 Suntan Lotion 8 oz 2200 436 $10.00 $ 4,360.00 Total Sales Revenue $12, 280.00 Item Description SKU Units AVG Cost Total Sunglasses 2100 396 $10.00 $ 3,960.00 Suntan Lotion 8 oz 2200 436 $6.00 $2, 616.00 Total Cost $6, 576.00
Transcribed Image Text:Write a COGS Journal Entry derived from this please. Service Description SKU Hours Rate Total Paddle Board Rental 1100 440 $10.00 $4,400.00 Body Board Rental 1200 948 $7.00 $6,636.00 Total Rental Revenue $11, 036.00 Item Description SKU Units Price Total Sunglasses 2100 396 $20.00 $7,920.00 Suntan Lotion 8 oz 2200 436 $10.00 $ 4,360.00 Total Sales Revenue $12, 280.00 Item Description SKU Units AVG Cost Total Sunglasses 2100 396 $10.00 $ 3,960.00 Suntan Lotion 8 oz 2200 436 $6.00 $2, 616.00 Total Cost $6, 576.00
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