Question
Date Description Units / $s June1 st Purchase 600 units at $10 June 5 th Sale 200 units at $150 June 6 th Purchase 100
Date Description Units / $s
June1st Purchase 600 units at $10
June 5th Sale 200 units at $150
June 6th Purchase 100 units at $12
June 8th Sale 450 units at $160
IF the Company uses the FIFO inventory method, what would be the journal entry the company would make for the sale on June 8 ?
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Managerial Accounting
Authors: Ray H. Garrison, Alan Webb, Theresa Libby
12th Canadian Edition
1260193276, 978-1260193275
