1. LESSON 19-1
Determining the Quantity
of Merchandise Inventory
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

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
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
TERMS REVIEW
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page 568
periodic inventory
perpetual inventory
inventory record
stock record
stock ledger
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 19-1