## FIFO Method ##Cost of goods sold , Ending Inventory.Prepare jounal entry for sales and cost and good sold. DateTransaction# of UnitsPer UnitApr. 3|Inventory$225270848Purchase168SaleSale111127503070750May 8Purchase140300SaleSale1084750194275028Purchase140330June 5SaleSale847901611279021Purchase25236028Sale1267908 8 8

Name: ## FIFO Method ##Cost of goods sold , Ending Inventory.Prepare jounal
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Description: ## FIFO Method ##Cost of goods sold , Ending Inventory.Prepare jounal entry for sales and cost and good sold. DateTransaction# of UnitsPer UnitApr. 3|Inventory$225270848Purchase168SaleSale111127503070750May 8Purchase140300SaleSale1084750194275028Purc

The journal entries are prepared to record day to day transactions of the business.

Business

Accounting

Date Transaction # of Units Per Unit Apr. 3 $225 270 |Inventory Purchase Sale Sale Purchase Sale Sale Purchase Sale Sale Purchase 84 168 112 70 140 8 750 750 11 30 Мay 8 300 84 750 750 10 19 42 28 140 330 790 790 une 5 84 16 112 21 252 360 28 Sale 126 790

Date Transaction # of Units Per Unit Apr. 3 $225 270 |Inventory Purchase Sale Sale Purchase Sale Sale Purchase Sale Sale Purchase 84 168 112 70 140 8 750 750 11 30 Мay 8 300 84 750 750 10 19 42 28 140 330 790 790 une 5 84 16 112 21 252 360 28 Sale 126 790

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Similar questions

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