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3 5:18 k [The following information applies to the questions displayed below.] Sigfusson Supplies reported beginning inventory of 120 units, for a total cost of
3 5:18 k [The following information applies to the questions displayed below.] Sigfusson Supplies reported beginning inventory of 120 units, for a total cost of $4,800. The company had the following transactions during the month: January 6 Sold 40 units on account at a selling price of $50 per unit. January 9 Bought 30 units on account at a cost of $40 per unit. January 11 Sold 30 units on account at a selling price of $55 per unit. January 19 Sold 40 units on account at a selling price of $60 per unit. January 27 Bought 30 units on account at a cost of $40 per unit. January 31 Counted inventory and determined that 40 units were on hand. 2. Prepare the journal entries that would be recorded using a perpetual inventory system, including any "book-to-physical" adjustment that might be needed. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet
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