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Inventory and Sales Transaction Summary

The document outlines inventory transactions for August, detailing purchases, sales, and returns, resulting in total goods available for sale of ₱342,208. It calculates net sales of 7,400 units and an ending inventory of 4,000 units valued at ₱122,368. The cost of goods sold is determined to be ₱219,840 after accounting for inventory and purchases.

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Krizel Kc
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28 views2 pages

Inventory and Sales Transaction Summary

The document outlines inventory transactions for August, detailing purchases, sales, and returns, resulting in total goods available for sale of ₱342,208. It calculates net sales of 7,400 units and an ending inventory of 4,000 units valued at ₱122,368. The cost of goods sold is determined to be ₱219,840 after accounting for inventory and purchases.

Uploaded by

Krizel Kc
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Date Transaction Units Unit cost Total cost

1-Aug Inventory 2,000 ₱ 28.80 ₱ 57,600


7 Purchase 3,000 29.76 89,280
12 Sales 4,200
13 Purchase 4,800 30.40 145,920
14 Sales return 600
22 Sales 3,800
29 Purchase 1,900 30.88 58,672
30 Purchase return 300 30.88 (9,264)
Total goods available for sale ₱ 342,208

Beginning Inventory 2,000 Sales 8,000


Purchases 9,700 Sales Return 600
Purchases Return 300 Net Sales 7,400
Total Goods Available for sale 11,400

Total Goods Available for sale 11,400


Net Sales 7,400
Ending Inventory 4,000 Units

Ending Inventory
Units Unit Cost Total Cost
Purchas
From Aug. 13 e 2,400 30.4 72,960
Purchas
From Aug. 29 e 1,600 30.88 49,408
Ending Inventory 4,000 P 122,368

Cost of goods sold

Inventory- Aug 1 P 57,600


Purchases 293,872
Less: Purchase Return (9,264)
Goods Available For Sale 342,208
Ending Inventory (122,368)
Cost of Goods Sold P 219,840

Aug. 7 Purchases P 89,280


13 Purchases 72,960
Total Purchases P 162,240

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