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CP 1 1 On December 1 , 2 0 2 2 , Annalise Company had the following account balances. ( e ) The following transactions
CP On December Annalise Company had the following account balances.e
The following transactions occurred during December.
Dec. Purchased units of inventory on account at a cost of $ per unit.
Sold units of inventory on account for $ per unit. It sold of the $ units and of the $
Granted the December customer $ credit for units of inventory returned costing $ These units were returned to inventary.
Purchased units of inventory for eash at $ each.
Sold units of inventory on account for $ per unit. It sold of the $ units.
Adjustment data:
$ of supplies are on hand on December
Depreciation $ per month.
Instructions
a Journalize the December transactions and adjusting entries, assuming Annalise uses the perpetual inventory method.
Revenue, and Sales Returns and Allowances.
c Prepare an adjusted trial balance as of December
d Prepare an income statement for December and a classified balance sheet at December
e Compute ending inventory and cost of goods sold under FIFO, assuming Annalise Company uses the periodic inventory system.
f Compute ending inventory and cost of goods sold under LIFO, assuming Annalise Company uses the periodic inventory system. Given this information just help with the LIFOFIFO worksheet attached please
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