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INVENTORY TRANSACTIONS. SHOW ON A GENERAL JOURNAL THE WEIGHTED AVERAGE METHOD AND PERPETUAL METHOD. Glen Glenny purchased $ 2 0 , 0 0 0 inventory
INVENTORY TRANSACTIONS. SHOW ON A GENERAL JOURNAL THE WEIGHTED AVERAGE METHOD AND PERPETUAL METHOD. Glen Glenny purchased $ inventory on February sold $ at a markup of on March All transactions were on account. The yearend inventory showed a balance of $ and beginning inventory was $ Show all entries during the year, as well as the entry to balance the inventory account using the weighted average and Perpetual methods.
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