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Marigold Company sells one product. Presented below is information for January for Marigold Company. Marigold uses the FIFO cost flow assumption. All purchases and sales

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Marigold Company sells one product. Presented below is information for January for Marigold Company. Marigold uses the FIFO cost flow assumption. All purchases and sales are on account. (a) F. Your answer is partially correct. Assume Marigold uses a periodic system. Prepare all necessary journal entries, including the end-of-month closing entry to record cost of goods sold. A physical count indicates that the ending inventory for January is 110 units. (If no entry is required, select ' No entry" for the occount titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above. (d) The parts of this question must be completed in order. This part will be available when you complete the part above

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