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1 Required a. Record these transactions in general journal format assuming Green uses the FIFO cost flow assumption and keeps perpetual records. (If no entry
1 Required a. Record these transactions in general journal format assuming Green uses the FIFO cost flow assumption and keeps perpetual records. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 10 points View transaction list Journal entry worksheet eBook 6 OP Hint Record entry for cost of goods sold. Ask Note: Enter debits before credits Date Debit Credit Print 12/1b General Journal Cost of goods sold Inventory References Record entry Clear entry View general journal The following inventory transactions apply to Green Company for Year 2: Jan. 1 Apr 1 Aug. 1 Dec. 1 Purchased Sold Purchased Sold 270 units @ $ 11 135 units @ $ 19 420 units @ $ 12 525 units @ $ 20 The beginning inventory consisted of 180 units at $12 per unit. All transactions are cash transactions. Required a. Record these transactions in general journal format assuming Green uses the FIFO cost flow assumption and keeps perpetual records. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
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