Presented is information related to Rogers Co. for the month of January 2010.
| Ending inventory per perpetual records | $29,710 | |
| Ending inventory actually on hand | 28,858 | |
| Cost of goods sold | 224,860 | |
| Freight out | 7,920 | |
| Insurance expense | 12,800 | |
| Rent expense | 23,220 | |
| Salary expense | 64,050 | |
| Sales discounts | 10,860 | |
| Sales returns and allowances | 13,760 | |
| Sales | 388,090 |
Instructions
(a) Prepare the necessary adjusting entry for inventory.