To prepare ajusting entries and an adjusted trial balance, this information is given: The ending inventory of merchandise is counted and determined to have a cost of $12,700 - the company uses a perpetual inventory system. The unadjusted trial balance shows the following: Merchandise...

True Or False? The ending merchadise inventory for 2005 is the same as the beginning merchandise inventory for 2006..

I need help calculating the cost of goods and ending inventory using the LIFO method. Beg. Inventory Jan. 1 1840 units @$2.3 Purchase Jan. 30 2590 units @ $3 Sale March 14 1480 units @ $6.9 Purchase May 1 1120 units @ $4.4 Sale Aug. 31 1990 units @ $6.9 I can't wrap my brain around...

I can't figure out what I am missing under a periodic inventory. My beginning merchadise inventory as of jan 1 is 20,000. Merchandise inventory at Jan 31st is 15000. How do I record on the worksheet the diffrence between the beginning and ending merchandise inventory. Do I have to add an...