Price per unit Quantity in Reorder

Product ID Name inventory value reorder level

stock status
01-001 Item 1 $51.00 25 $1,275.00 30 ORDER NOW
01-002 Item 2 $93.00 60 $5,580.00 30 GOOD
01-003 Item 3 $75.00 42 $3,150.00 30 GOOD
01-004 Item 4 $86.00 120 $10,320.00 100 GOOD
01-005 Item 5 $25.00 89 $2,225.00 90 ORDER NOW
01-006 Item 6 $44.00 69 $3,036.00 70 ORDER NOW
01-007 Item 7 $65.00 151 $9,815.00 100 GOOD
01-008 Item 8 $30.00 221 $6,630.00 150 GOOD
01-009 Item 9 $37.00 67 $2,479.00 60 GOOD
01-010 Item 10 $15.00 59 $885.00 60 ORDER NOW
01-011 Item 11 $18.00 99 $1,782.00 100 ORDER NOW
01-012 Item 12 $75.00 63 $4,725.00 50 GOOD
01-013 Item 13 $44.00 30 $1,320.00 20 GOOD
01-014 Item 14 $63.00 60 $3,780.00 50 GOOD
01-015 Item 15 $27.00 42 $1,134.00 50 ORDER NOW

Product ID 01-001
Price per unit 51
Reorder Status ORDER NOW
Instructions:
fill in the following cells/collumns
1. inventory value collumn price x
stock quantity
2. if quantity falls below the reorder
level, reorder status is ORDER NOW,
otherwise GOOD
3. use vlookup for the green table
below
k
 XRX Corp Retail Sales
Balance Sheet
31-Dec-20

Cash $ 342,000.00
Inventory $ 570,000.00
Accounts Receivable $ 118,800.00
Instructions:
Loans Receivable $ 48,000.00 1. Connect the T accounts
Allowance for Doubtful Accounts $ 9,000.00 balances to the corresponding
Interest Receivable $ 2,800.00 accounts of the balance sheet
2. Use the sum function to
calculate the totals
TOTAL ASSETS $ 1,072,600.00 3. Use IF function on Cell G27
to appear as BALANCED if the
total assets is equal to total
liabilities & equity.
UNBALANCED If otherwise.
Liabilities
Accounts Payable $ 22,000.00

TOTAL LIABILITIES $ 22,000.00

Equity
Common Stock $ 720,000.00
Retained Earnings $ 330,600.00

TOTAL STOCKHOLDER'S EQUITY $ 1,050,600.00

TOTAL LIABILITIES & STOCKHOLDER'S EQUITY $ 1,072,600.00 BALANCED

 ns:
t the T accounts
to the corresponding
of the balance sheet
e sum function to
the totals
unction on Cell G27
as BALANCED if the
ts is equal to total
& equity.
NCED If otherwise.
account balances

CASH $ 342,000.00
INVENTORY $ 570,000.00
ACCOUNTS RECEIVABLE $ 118,800.00
LOANS RECEIVABLE $ 48,000.00
ALLOWANCE FOR DOUBTFUL ACCOUNTS $ 9,000.00
INTEREST RECEIVABLE $ 2,800.00
ACCOUNTS PAYABLE $ 22,000.00
COMMON STOCK $ 720,000.00
RETAINED EARNINGS $ 330,600.00