Exercise 7-6
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Instructions
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
An asterisk (*) will appear to the right of an incorrect entry. Only final inventory cost – Column K – will be graded.
Prepaid Cell Phones
Date
May 1
10
Quantity
12
14
20
31
31
Balances
Purchases
Unit
Cost
Total
Cost
Cost of Merchandise Sold
Unit
Total
Quantity
Cost
Cost
Quantity
1.550
Inventory
Unit
Total
Cost
Cost
$44
$ 68.200
Exercise 7-15
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Section:
Score:
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Instructions
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
An asterisk (*) will appear to the right of an incorrect entry.
Commodity
Ash
Aspen
Beech
Maple
Oak
Total
Inventory
Quantity
Cost
per
Unit
80
120
30
75
60
$140
90
75
88
140
Market
Price
per Unit
$125
112
74
86
145
Total
Cost
Market
Lower of
C or M
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