1, As at 30 June 2014, Rincon has 100,000 hats in inventory

Subject:AccountingPrice:9.82 Bought3

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1, As at 30 June 2014, Rincon has 100,000 hats in inventory. The hats cost man #24 each. At 30 June 2014, their sales price is reassessed to €2.50 23.01. The average sales cost per hat is €0.30. 3" *5 "he required journal entry to record this event. ,(2) Subsequently, in August 2014, and as a'result of global warming, there lwas a drastic surge in the demand for hats such that each hat could be sold for €30. In August, the 100,000 hats were still in inventory out expected to be sold very soon. Pass the required journal entry.