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5 ! Required information (The following information applies to the questions displayed below. art 2 of 3 The Shirt Shop had the following transactions for
5 ! Required information (The following information applies to the questions displayed below. art 2 of 3 The Shirt Shop had the following transactions for T-shirts for Year 1, its first year of operations. 28 ints January 20 April 21 July 25 September 19 Purchased 530 units @ $ 8 - Purchased 330 units @ $10 = Purchased 410 units @ $13 - Purchased 220 units @ $15 - $4,240 3,300 5,330 3,300 eBook During the year, The Shirt Shop sold 1,200 T-shirts $24 each Hint b. Record the above transactions in general journal form and post to T-accounts assuming (1) FIFO, (2) LIFO, and (3) weighted-average methods. Use a separate set of journal entries and T-accounts for each method. Assume all transactions are cash transactions. Print Complete this question by entering your answers in the tabs below. eferences Required B Required B GJ Required B GJ Required B G Required BT FIFO LIFO WA Acc FIFO Required BT Acc LIFO Required BT Acc WA Post to T-accounts using FIFO method. Assume all transactions are cash transactions. Cash Merchandise Inventory Beg. Bal. Beg. Bal. End. Bal End. Bal Sales Revenue Cost of Goods Sold Beg. Bal. Beg End. Bal. End. Bal. UT Required information Part 2 of 3 [The following information applies to the questions displayed below.] The Shirt Shop had the following transactions for T-shirts for Year 1, its first year of operations. 14.28 points January 20 April 21 July 25 September 19 Purchased 530 units @ $ 8 = Purchased 330 units @ $10 = Purchased 410 units @ $13 = Purchased 220 units @ $15 - $4,240 3,300 5,330 3,300 eBook During the year, The Shirt Shop sold 1,200 T-shirts for $24 each. Hint b. Record the above transactions in general journal form and post to T-accounts assuming (1) FIFO, (2) LIFO, and (3) weighted-average methods. Use a separate set of journal entries and T-accounts for each method. Assume all transactions are cash transactions. Print Complete this question by entering your answers in the tabs below. References Required B Required B GJ Required B GJ Required B GJ FIFO LIFO WA Required BT Acc FIFO Required BT Acc LIFO Required BT Acc WA Post to T-accounts using LIFO method. Assume all transactions are cash transactions. Cash Merchandise Inventory Beg. Bal. Beg. Bal. End. Bal. End. Bal. Sales Revenue Cost of Goods Sold Beg. Bal. Beg. Bal. End. Bal. End. Bal.
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