Drew Consulting performs systems consulting and has the following postclosing balances at December
# Click the icon to view the postclosing balances. The company has also begun selling accounting software and uses the perpetual inventory system to account for software inventory.
During January, Drew Consulting completed the following transactions and opened the following accounts.
Click the icon to
view the transactions.Click the icon to view the new accounts and nnenina halanceas I
the cost of goods sold on the thth and st
Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. Enter the oldest inventory layers first.
tableDatePurchases,Cost of Goods Sold,Inventory on HandQuantitytableUnitsCosttableTotalCostQuantity,tableUnitsCostQuantity,tableUnitCosttableTotalCostJanTotals
