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Enter the appropriate amount or item in the shaded cells.
If the Total Cost of the inventory is incorrect for any date, an asterisk (*) will appear ONLY to the right of column K, "Total Cost."
1. Complete the table below to determine the Cost of Merchandise Sold and the balance of ending inventory.
Date
Purchases
Cost of Merchandise Sold
Inventory
Quantity
Unit Cost
Total Cost
Jan. 1
50
$ 20
$ 1,000
7
20
30
Feb. 8
10
27
28
Mar. 5
13
23
31
Balances
1. Total cost of merchandise sold:
2. Gross Profit for the sales period:
3. Ending Inventory Cost:
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