Question

Calculate the debit and credit amount for the goods issue step in the fulfillment process, based on the following data. Materials sold (trading goods): Printers Quantities sold: 100 Price for customer: $120.00 Current average moving price: $85.00 Price from vendor: $84.00 Average price 30 days before customer order was placed: $86.00

Answer 1

$8,500

Step-by-step explanation:

Take note of Current average moving price of $85. This is the best price to use to obtain the value of the goods issued.

Calculated as follows

= 100 Printers x $85

= $8,500

Therefore, the debit and credit amount for the goods issue step in the fulfillment process is $8,500.