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using_average_costing_with_inventory [2019/08/08 16:53]
admin
using_average_costing_with_inventory [2019/08/08 16:55]
admin
Line 35: Line 35:
  
 |Account||Debit||Credit||Part||Quantity||Bill|| |Account||Debit||Credit||Part||Quantity||Bill||
-|Widget inventory Asset||$ 360.00||   ||Widget||300||1234|| +|Widget inventory Asset|| $ 360.00||   ||Widget||300||1234|| 
-|Accounts Payable||   ||$ 360.00||   ||   ||1234||+|Accounts Payable||   || $ 360.00||   ||   ||1234||
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Line 47: Line 47:
  
 |Account||Debit||Credit||Part||Quantity||Bill|| |Account||Debit||Credit||Part||Quantity||Bill||
-|Widget inventory Asset||$ 330.00||   ||Widget||300||1234|| +|Widget inventory Asset|| $ 330.00||   ||Widget||300||1234|| 
-|inventory Adjustments||$ 30.00||   ||   ||   ||1234|| +|inventory Adjustments|| $ 30.00||   ||   ||   ||1234|| 
-|Accounts Payable||   ||$ 360.00||   ||   ||1234||+|Accounts Payable||   || $ 360.00||   ||   ||1234||
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Line 61: Line 61:
  
 |Account||Debit||Credit||Part||Quantity||Bill|| |Account||Debit||Credit||Part||Quantity||Bill||
-|inventory Adjustments||$ 1.50||   ||   ||   ||   || +|inventory Adjustments|| $ 1.50||   ||   ||   ||   || 
-|Widget inventory Asset|| ||$ 1.50||Widget||   ||   || +|Widget inventory Asset||  || $ 1.50||Widget||   ||   || 
-|Widget inventory Asset||$ 360.00||   ||Widget||300||1234|| +|Widget inventory Asset|| $ 360.00||   ||Widget||300||1234|| 
-|Accounts Payable||   ||$ 360.00||   ||   ||1234||+|Accounts Payable||   || $ 360.00||   ||   ||1234||
  
 Note that after this purchase there will be 285 widgets in inventory at a value of $1.20 each. Note that after this purchase there will be 285 widgets in inventory at a value of $1.20 each.