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one question multiple pictures Blue Company sells one product. Presented below is information for January for Blue Company. Blue uses the FIFO cost flow assurniption.
one question multiple pictures
Blue Company sells one product. Presented below is information for January for Blue Company. Blue uses the FIFO cost flow assurniption. All purchases and sales are on account. (i) Assume Blue uses a periodic system. Prepare all necessary joumal entries, including the end-of month closing entry to record cost of coods sold. A physical count indicates that the ending inventory for January is 116 units. if no mentry la requlred, select "No entry" for the occount titles and enter of for the amounts Credit account bities are dutomotically indented when dmount is enterd. Do not inderit manually List all debit entrles before oredit entries) Question 1 of 2 Date Account Tites and (b) The parts of this question must be completed in order. This part will be available when you complete the part ibove Step by Step Solution
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