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Mariaold Company sellsone product. Presented below armation for anary for Marigold Company Jan. 1 Inventory 4 Sale 11 Purchase 13 Sale 20 Purchase 27 Sale
Mariaold Company sellsone product. Presented below armation for anary for Marigold Company Jan. 1 Inventory 4 Sale 11 Purchase 13 Sale 20 Purchase 27 Sale 104 units at $ cach 79 units Sexch 145 units at $ cach 115 units each 162 units at $ecach 107 units at $10 each Marigold uses the FIFO custow 3sumption. All purchases and sales are on account f goods sold physical count indicates that the ending inventory for anary is units. entry required, select "No entry for the accounts and enter for the amounts Credit account bites or Assume Marigold uses a periodic system. Prepare al necessarylouma entries, including the end-of-month closingentry to record o automatically indeed when montere. Dendermany Date Account Titles and Explanation Debit Credit 17 Teethonk and Media List of Accents Campule gross profit using the periodistem Grosults e Textbook and Media of Armin Previous Assume Maripada perpetual system. Preprene u r entries for regist ry f actors and for the amounts r unt title are outline maruntisented Dondent manual Date Account Titles and Explanation Debit Credit To record the sale) Tarot of imelory] Tortli HHHHHHHHHH To record the cost of inventory) To record the sale) To record the cost of inventory cTextbook and Media List of Accounts Compute gross profit using the perpctual system. Cross profit Textbook and Media List of Account Previcus
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