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[meonowing won appwes to me ques LOTIS Ursprayeu Delow. The Shirt Shop had the following transactions for T-shirts for Year 1, its first year of
[meonowing won appwes to me ques LOTIS Ursprayeu Delow. The Shirt Shop had the following transactions for T-shirts for Year 1, its first year of operations: Jan. 20 Apr. 21 July 25 Sept. 19 Purchased Purchased Purchased Purchased 590 units @ $ 8 - $4,720 390 units e $ 10 - 3,900 470 units $13 - 6,110 280 units $ 15 - 4,200 During the year, The Shirt Shop sold 1,380 T-shirts for $24 each. b. Record the above transactions in general journal form and post to Taccounts using (1) FIFO (2) LIFO, and (3) weighted average. Use a separate set of journal entries and Taccounts for each method. Assume all transactions are cash transactions. Complete this question by entering your answers in the tabs below. Required B Required BG Required 8 G Required BG Required By Required BT Required BT FIFO LIFO WA Acc FIFO Acc UFO Acc WA Record the above transactions in general Journal form using weighted average method. Assume all transactions are cash transactions. (If no entry is required for a transaction/event, select "No Journal entry required in the first account field. Round cost per unit to 2 decimal places and final answers to the nearest whole dollar amount.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 Year 1 Cash Sales revenue 2 Year 1 Cost of goods sold Merchandise inventory
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