LESSON 19-1 Determining the Quantity of Merchandise Inventory

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Presentation transcript:

LESSON 19-1 Determining the Quantity of Merchandise Inventory 6/19/2018 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. 3. Write the unit price and calculate the total cost after the physical inventory is completed. LESSON 19-1

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

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