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I need help on this problem asap! I dont understand what I'm doing wrong. Thank you. Ger Uniteddo caries a line of thunium putters Golf
I need help on this problem asap! I dont understand what I'm doing wrong. Thank you.
Ger Uniteddo caries a line of thunium putters Golf United, Inc., unes the FIFO method and a perpetual inventory system. The sale price of each poter 5152 Company reconto indicate the following activity for potensi (Click the icon to view the records) Read the requirements Requirement 1. Prepare a perpetunt inventory record for the puters to determine the amount of Unlimited, in should report for ending inventory and cost of goods sold using the FIFO method Start by entering the beginning inventory balances Enter the transactions in chronological order, calculating new entry on hand balance after each transaction One all of the transactions have been entered into perpetual record calculate the quantity and total cost of inventory purchased sold and on hand at the end of the period Enter the best entory layers FIFO: Purchase Cost of goods sold Inventory and Unit Total Unit Total Unit Total Data Oly Coat Cost Oy Cos! Cou QIY Cost Cout Jul 7 1 11 19 28 ecords) * FO method petual invento - X actions ha inventory ball quantity and Requirements 5 Cog Total 1. Prepare a perpetual inventory record for the putters to determine the amount Golf Unlimited, Inc. should report for ending inventory and cost of goods sold using the FIFO method 2. Journalize the inventory transactions for Golf Unlimited, Inc., using the FIFO method Assume all purchases and sales are on account Cost Qty Print Done ..... fost of go s to dete ansaction first.) actions i purchase Data Table Invent Date Item Unit Cost Quantity 5 $ 96 Jul 1 Balance Qty 7 Purchase 16 $ 97 11 Sale 18 17 19 Purchase S 101 28 Sale 15 Print Done Step by Step Solution
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