A Company Trial Balance

20xx

Unadjusted trial balance Adjusting entries

7 Supplies

8 andise Inventory

9 Td Rent

10 d Insurance

11 Equipment

12 bulated Depreciation

13 Supplies

14 nts Receivable

15 Payable

16 St Payable

17 nts Payable

18 Payable

19 son Stock

20 mnds

21 Sales

22 jandise Sales

23 Supplies Expense

24 xpense

25 st Expense

26 nce Expense

27 ciation Expense

28 Expense

29 Supplies Expense

30 s License Expense

Waterway company’s record of transactions for the month of april was as follows. purchases sales april 1 (balance on hand) 672 @ $6.00 april 3 560 @ $11.00 4 1,680 @ 6.08 9 1,568 @ 11.00 8 896 @ 6.41 11 672 @ 12.00 13 1,344 @ 6.51 23 1,344 @ 12.00 21 784 @ 6.61 27 1,008 @ 13.00 29 560 @ 6.79 5,152 5,936 (a) calculate average-cost per unit. (b) assuming that periodic inventory records are kept in units only, compute the inventory at april 30 using lifo and average-cost. (c) assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) fifo and (2) lifo. (d) compute cost of goods sold assuming periodic inventory procedures and inventory priced at fifo.