Using the following information, fill in the entries in the T-accounts:
1/20 Purchased Units 75 @ $17 = $1,275
4/21 Purchased Units 450 @ $19 = $8,550
7/25 Purchased Units 200 @ $23 = $4,600
9/19 Purchased Units 100 @ $29 = $2,900
Available for Sale: 825 $17,325
During this year, Bristol Sales sold 775 DVDs for $60 each.
(1) FIFO
Cash
2012 1/20
4/21
7/25
9/19
Bal:
Sales Revenue
2012
Bal:
Cost of Goods Sold
2012
Bal:
Merchandise Inventory
1/20
4/21
7/25
9/19 2012
Bal:
(2) LIFO:
Cash
2012 1/20
4/21
7/25
9/19
Bal:
Sales Revenue
2012
Bal:
Cost of Goods Sold
2012
Bal:
Merchandise Inventory
1/20
4/21
7/25
9/19 2012
Bal:
(3) Weighted Average:
Cash
2012 1/20
4/21
7/25
9/19
Bal:
Sales Revenue
2012
Bal:
Cost of Goods Sold
2012
Bal:
Merchandise Inventory
1/20
4/21
7/25
9/19 2012
Bal:
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