1 / 4

LESSON 19-1

LESSON 19-1. Determining the Quantity of Merchandise Inventory. INVENTORY RECORD. page 566. 1. 3. 2. 1. Write the stock number and description before the periodic inventory begins. 2. Write the actual count in the No. of Units on Hand column.

Download Presentation

LESSON 19-1

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. LESSON 19-1 Determining the Quantity of Merchandise Inventory

  2. INVENTORY RECORD page 566 1 3 2 1. Write the stock number and description before the periodic inventory begins. 2. Write the actual count in the No. of Units on Hand column. 3. Write the unit price and calculate the total cost after the physical inventory is completed. LESSON 19-1

  3. STOCK RECORD page 567 1 3 2 1. Purchase information 2. Sales information 3. New balance on hand LESSON 19-1

  4. TERMS REVIEW page 568 • periodic inventory • perpetual inventory • inventory record • stock record • stock ledger LESSON 19-1

More Related