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A company made the following sales and purchases during its first year in business (5 points) : Apr. 30 purchased 315 units @ $29/unit Oct
A company made the following sales and purchases during its first year in business (5 points) :
Apr. 30 purchased | 315 units | @ $29/unit |
Oct 5 purchased | 225 units | @ $25/unit |
Oct. 10 sold | 500 units | @ $40/unit |
.Prepare journal entries to record the sale assuming a FIFO system used
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