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please answer fast al requirements attached Data table Requirements Journalize the following for High Life Company under the perpetual system: 1. Total July purchases in

please answer fast al requirements attached
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Data table Requirements Journalize the following for High Life Company under the perpetual system: 1. Total July purchases in one summary entry. All purchases were on credit. 2. Total July sales and cost of goods sold in two summary entries. The selling price was $625 per unit, and all sales were on credit. Aume that High Life uses the FIFO inventory method. 3. Under FIFO, how much gross profit would High Life earn on for the month ending July 31 ? What is the FIFO cost of High Life Company's ending inventory? High Life Company's inventory records for its retail division show the following at July 31 . (Click the icon to view the accounting records.) At July 31,11 of these units are on hand. Read the requirements. Requirement 1. Journalize for High Life total July purchases in one summary entry, under the perpetual system. All purchases were on credit. (Record debits first, then credits. Exclude explanations from any journal entries.) Requirement 2. Journalize for High Life total July sales and cost of goods sold in two summary entries, under the perpetual system. The selling price was $625 per unit and all sales were on credit. Assume that High Life uses the FIFO inventory method (Record debits first, then credits. Exclude explanations from any journal entries.) Let's start by recording the entry for July sales. Do not yet record the cost related to the sale. We will do this in the next journal entry. Requirement 2. Journalize for High Life total July sales and cost of goods sold in two summary entries, under the perpetual system. The selling price was $625 per unit and all sales were on credit. Assume that High Life uses the FIFO inventory method. (Record debits first, then credits. Exclude explanations from any journal entries.) Let's start by recording the entry for July sales. Do not yet record the cost related to the sale. We will do this in the next journal entry. Now record the entry for the cost of inventory sold assuming FIFO Now record the entry for the cost of inventory sold assuming FIFO. Requirement 3. Under FIFO, how much gross profit would High Life earn on for the month ending July 31 ? What is the FIFO cost of High Life Company's ending inventory? The gross profit earned on these transactions is The FIFO cost of ending inventory is

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