Creating an Invoice
On September 1, Chris Eugene made the following band equipment purchases at Leslie’s Music Store. Calculate her total bill.
DESCRIPTION
Speaker Cabinets, RS101, $400.00, 2
Speaker Cabinets, RG306, $611.00, 2
Horns, BG42, $190.00, 2
Audio Console, LS101, $1,079.00, 1
Power Amplifier, NG107, $416.00, 5
Microphones, RKG-1972, $141.92, 8
Microphone Stands, 1957-210, $32.50, 8
T he Correct Answer and Explanation is :
Chris Eugene made the following band equipment purchases at Leslie’s Music Store.
Invoice Total Calculation
Let’s calculate the total cost of each item and then sum them to determine Chris Eugene’s total bill.
| Item Description | Unit Price | Quantity | Total |
|---|---|---|---|
| Speaker Cabinets, RS101 | $400.00 | 2 | $800.00 |
| Speaker Cabinets, RG306 | $611.00 | 2 | $1,222.00 |
| Horns, BG42 | $190.00 | 2 | $380.00 |
| Audio Console, LS101 | $1,079.00 | 1 | $1,079.00 |
| Power Amplifier, NG107 | $416.00 | 5 | $2,080.00 |
| Microphones, RKG-1972 | $141.92 | 8 | $1,135.36 |
| Microphone Stands, 1957-210 | $32.50 | 8 | $260.00 |
Total Bill:
$800.00 + $1,222.00 + $380.00 + $1,079.00 + $2,080.00 + $1,135.36 + $260.00 = $6,956.36
Explanation
Creating a detailed invoice is crucial for maintaining transparent and accurate financial records, especially when handling large equipment purchases like Chris Eugene’s from Leslie’s Music Store. The total bill of $6,956.36 reflects the sum of individually calculated costs for each type of equipment.
The calculation process begins by identifying the unit price and quantity of each item. For instance, Chris purchased 2 units of RS101 speaker cabinets at $400 each, resulting in a subtotal of $800. This process is repeated for each item on the list.
Next, multiplication is used to determine the cost of each group of items. For example, 5 NG107 power amplifiers at $416 each amount to $2,080. The same method applies to the other products like microphones and stands, whose quantities were higher.
Once the cost for each product type is calculated, all subtotals are added together to determine the final invoice amount. This step ensures that the full scope of the purchase is financially accounted for.
This method not only helps the store generate a correct invoice but also helps Chris Eugene track and budget for her equipment investment accurately. It’s also essential for accounting purposes, inventory management, and possible future warranty claims. A detailed invoice like this becomes part of the formal documentation of the transaction, enabling clear communication between the buyer and seller.
Accurate invoicing is a fundamental business practice that supports both customer satisfaction and financial integrity.
