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i need help finishing this please Required information Problem 5.20A (Static) Allocating product costs between cost of goods sold and ending inventory: intermittent purchases and
i need help finishing this please
Required information Problem 5.20A (Static) Allocating product costs between cost of goods sold and ending inventory: intermittent purchases and sales of merchandise LO 5-1 [The following information applies to the questions displayed below] Pam's Creations had the following sales and purchase transactions during Year 2. Beginning inventory consisted of 60 items at $350 each. The company uses the FIFO cost flow assumption and keeps perpetual inventory records. Problem 5-20A (Static) Part a Required . Record the inventory transactions in general joumal format. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Required information Problem 5-20A (Static) Allocating product costs between cost of goods sold and ending inventory: intermittent purchases and sales of merchandise LO 5-1 [The following information applies to the questions displayed below] Pam's Creations had the following sales and purchase transactions during Year 2. Beginning inventory consisted of 60 items at $350 each. The company uses the FIFO cost flow assumption and keep5 perpetual inventory records. Problem 5-20A (Static) Part b b. Calculate the gross margin Pam's Creations would report on the Year 2 income statement. Required information Problem 5.20A (Static) Allocating product costs between cost of goods sold and ending inventory: intermittent purchases and sales of merchandise LO 5-1 [The following information applies to the questions displayed below] Pam's Creations had the following sales and purchase transactions during Year 2. Beginning inventory consisted of 60 items at $350 each. The company uses the FFO cost flow assumption and keeps perpetual inventory records. Problem 5-20A (Static) Part c c. Determine the ending inventory balance Pam's Creations would report on the December 31, Year 2 , balance sheet Step by Step Solution
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