Question

Week 3
15	Purchased 13 sets of Sting Ray Golf Clubs from Sport Borders for $376 each, terms net 30.
17	Purchased 11 Specialist Tennis Raquets from Hike for $280 each, terms 2/10, n/30.
17	Sold 3 Quidditch Snitches to Jump Around for $752 each, Invoice No. 384.
18	Paid sales staff wages of $1,530 for the week up to and including yesterday, Check No. 877.
19	Received a purchase order from Balls 'n All. Created a corresponding sales order to deliver 40 Quidditch Snitches to this customer for $752 each, Invoice No. 386.
20	Balls 'n All paid $3,700 in partial payment of their account.
20	Made cash sale of 24 MJO Basketball Sets for a list price of $576 each. A trade discount of 25% applies.
20	The Locker Room returned 8 pairs of Football Boots that were originally sold for $336 each on 11 June. These items cost $192 each and were not faulty or damaged. Issued a Credit Memorandum for $2,688.

INVENTORY CARDS

Sets Of Sting Ray Golf Clubs

Date		Purchases			Cost of Goods Sold			Balance
		Units	Unit Cost ($)	Total Cost ($)	Units	Unit Cost ($)	Total Cost ($)	Units	Unit Cost ($)	Total Cost ($)
May	31							39	288	11232
								15	376	5640
Jun	13				25	288	7200	14	288	4032
								15	376	5640
Jun
Jun
Jun
Jun

(Q=530.Inventory2_week3)

MJO Basketball Sets

Date		Purchases			Cost of Goods Sold			Balance
		Units	Unit Cost ($)	Total Cost ($)	Units	Unit Cost ($)	Total Cost ($)	Units	Unit Cost ($)	Total Cost ($)
May	31							21	248	5208
								68	320	21760
Jun
Jun
Jun
Jun

(Q=530.Inventory3_week3)

Pairs Of Football Boots

Date		Purchases			Cost of Goods Sold			Balance
		Units	Unit Cost ($)	Total Cost ($)	Units	Unit Cost ($)	Total Cost ($)	Units	Unit Cost ($)	Total Cost ($)
May	31							75	192	14400
Jun	11				18	192	3456	57	192	10944
Jun
Jun
Jun
Jun

(Q=530.Inventory4_week3)

Quidditch Snitches

Date		Purchases			Cost of Goods Sold			Balance
		Units	Unit Cost ($)	Total Cost ($)	Units	Unit Cost ($)	Total Cost ($)	Units	Unit Cost ($)	Total Cost ($)
May	31							33	360	11880
								19	416	7904
Jun
Jun
Jun
Jun

(Q=530.Inventory5_week3)

Specialist Tennis Raquets

Date		Purchases			Cost of Goods Sold			Balance
		Units	Unit Cost ($)	Total Cost ($)	Units	Unit Cost ($)	Total Cost ($)	Units	Unit Cost ($)	Total Cost ($)
May	31							66	232	15312
Jun	9	14	232	3248				80	232	18560
Jun
Jun
Jun
Jun

Answer 1

INVENTORY CARDS
Sets Of Sting Ray Golf Clubs
Date		Purchases			Cost of Goods Sold			Balance
		Units	Unit Cost	Total Cost	Units	Unit Cost	Total Cost	Units	Unit Cost	Total Cost
			($)	($)		($)	($)		($)	($)
May	31							39	288	11232
								15	376	5640
Jun	13				25	288	7200	14	288	4032
								15	376	5640
												Jun	15	13	376	4888				14	288	4032
								15	376	5640
								13	376	4888
Jun
Jun
Jun
(Q=530.Inventory2_week3)
MJO Basketball Sets
Date		Purchases			Cost of Goods Sold			Balance
		Units	Unit Cost	Total Cost	Units	Unit Cost	Total Cost	Units	Unit Cost	Total Cost
			($)	($)		($)	($)		($)	($)
May	31							21	248	5208
								68	320	21760
												Jun	20			21	248	5208
				3	320	960
								65	320	20800
Jun
Jun
Jun
(Q=530.Inventory3_week3)
Pairs Of Football Boots
Date		Purchases			Cost of Goods Sold			Balance
		Units	Unit Cost	Total Cost	Units	Unit Cost	Total Cost	Units	Unit Cost	Total Cost
			($)	($)		($)	($)		($)	($)
May	31							75	192	14400
Jun	11				18	192	3456	57	192	10944
												Jun	20	8	192	1536				65	192	12480
Jun
Jun
Jun
(Q=530.Inventory4_week3)
Quidditch Snitches
Date		Purchases			Cost of Goods Sold			Balance
		Units	Unit Cost	Total Cost	Units	Unit Cost	Total Cost	Units	Unit Cost	Total Cost
			($)	($)		($)	($)		($)	($)
May	31							33	360	11880
								19	416	7904
												Jun	17				3	360	1080	30	360	10800
								19	416	7904
Jun
Jun
Jun
(Q=530.Inventory5_week3)
Specialist Tennis Raquets
Date		Purchases			Cost of Goods Sold			Balance
		Units	Unit Cost	Total Cost	Units	Unit Cost	Total Cost	Units	Unit Cost	Total Cost
			($)	($)		($)	($)		($)	($)
May	31							66	232	15312
Jun	9	14	232	3248				80	232	18560
												Jun	17	11	280	3080				80	232	18560
								11	280	3080
Jun
Jun
Jun