Compute cost of goods sold for Year 2.

Jan. 1 Apr. 1 Aug. 1 Dec. 1 Purchased Sold Purchased Sold 270 units @ $ 10 135 units @ $ 17 450 units @ $ 11 563 units @ $ 18 The beginning inventory consisted of 175 units at $11 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.) Answer is not complete. General Journal No Date Debit Credit 1 01/01 Inventory Cash O 2 4/1-a Cash Sales revenue O 3 04/01 Cost of goods sold Inventory SO 4 08/01 Inventory Cash 00 5 12/01 Cash Sales revenue 6 12/1b Cost of goods sold Inventory