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Chapter 5 HW i 5 Part 2 of 3 14.28 points eBook Saved Help Save & Ex Required information [The following information applies to
Chapter 5 HW i 5 Part 2 of 3 14.28 points eBook Saved Help Save & Ex Required information [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. Purchased 470 units @ $ 7 = January 20 April 21 July 25 September 19 $3,290 Purchased 270 units @ $9 = Purchased 350 units @ $12 = 2,430 4,200 Purchased 160 units @ $14 = 2,240 During the year, The Shirt Shop sold 1,020 T-shirts for $23 each. Hint Print References 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. Complete this question by entering your answers in the tabs below. Required B Required B GJ Required B GJ Required B GJ Required BT FIFO LIFO WA Acc FIFO Required BT Acc LIFO Required BT Acc WA Record the above transactions in general journal form. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet Che
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