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I need the journlaized inventory transactions under the methods : weighted-average, The accounts are : cash, cost of gold sold, merchandise inventory, and sales revenue. The data table is here Date Description Units Per Unit Jan 1 Inventory on hand 5,000 $11 Jan 3 purchase 9,000 $13 Jan 6 sale 8,500 $23 Jan 15 purchase 13,000 $15 Jan 22 sale 12,000 $23

I need the journlaized inventory transactions under the methods : weighted-average, The accounts are : cash, cost of gold sold, merchandise inventory, and sales revenue. The data table is here Date Description Units Per Unit Jan 1 Inventory on hand 5,000 $11 Jan 3 purchase 9,000 $13 Jan 6 sale 8,500 $23 Jan 15 purchase 13,000 $15 Jan 22 sale 12,000 $23

Financial Accounting
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter7: Inventories
Section: Chapter Questions
Problem 4PEB: Beginning inventory, purchases, and sales for WCS12 are as follows: Assuming a perpetual inventory...
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I need the journlaized inventory transactions under the methods : weighted-average,

The accounts are : cash, cost of gold sold, merchandise inventory, and sales revenue.

The data table is here

Date

Description

Units

Per Unit

Jan 1

Inventory on hand

5,000

$11

Jan 3

purchase

9,000

$13

Jan 6

sale

8,500

$23

Jan 15

purchase

13,000

$15

Jan 22

sale

12,000

$23
A 2 Date Account/Explanation 3 January FOR Weighted-Average 4 0:3 Up 6 7 8 9 10 16 19 22 24 25 26 2885 26 29 06 06 22 22 B to record purchase of inventory. to record sale of merchandize. to record LIFO cost of inventory sold. to record purchase of inventory. to record sale of merchandize. to record LIFO cost of inventory sold. Ref. 23 Debit Credit F
Transcribed Image Text:A 2 Date Account/Explanation 3 January FOR Weighted-Average 4 0:3 Up 6 7 8 9 10 16 19 22 24 25 26 2885 26 29 06 06 22 22 B to record purchase of inventory. to record sale of merchandize. to record LIFO cost of inventory sold. to record purchase of inventory. to record sale of merchandize. to record LIFO cost of inventory sold. Ref. 23 Debit Credit F
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