Lesson 19 1

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Lesson 19 1

  1. 1. LESSON 19-1 Determining the Quantity of Merchandise Inventory CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
  2. 2. 2 INVENTORY RECORD 1 page 566 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. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 19-1
  3. 3. 3 STOCK RECORD page 567 1 2 3 1. Purchase information 2. Sales information 3. New balance on hand CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 19-1
  4. 4. 4 TERMS REVIEW      page 568 periodic inventory perpetual inventory inventory record stock record stock ledger CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 19-1

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