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Please help! T -Accounts for FIFO/LIFO/WEIGHTED AVERAGE Thank you!!! During the year, The Shirt Shop sold 1,260 T-shirts for $26 each. Exercise 5-5A (Algo) Part
Please help! T -Accounts for FIFO/LIFO/WEIGHTED AVERAGE Thank you!!!
During the year, The Shirt Shop sold 1,260 T-shirts for $26 each. Exercise 5-5A (Algo) Part b . Record the above transactions in general journal form and post to T-accounts assuming (1) FIFO, (2) LIFO, and (3) weighted-average nethods. Use a separate set of journal entries and T-accounts for each method. Assume all transactions are cash transactions. Complete this question by entering your answers in the tabs below. Post to T-accounts using FIFO method. Assume all transactions are cash transactions. During the year, The Shirt Shop sold 1,260 T-shirts for $26 each. Exercise 5-5A (Algo) Part b o. Record the above transactions in general journal form and post to T-accounts assuming (1) FIFO, (2) LIFO, and (3) weighted-average nethods. Use a separate set of journal entries and T-accounts for each method. Assume all transactions are cash transactions. Complete this question by entering your answers in the tabs below. Post to T-accounts using LIFO method. Assume all transactions are cash transactions. During the year, The Shirt Shop sold 1,260 T-shirts for $26 each. Exercise 5-5A (Algo) Part b b. Record the above transactions in general journal form and post to T-accounts assuming (1) FIFO, (2) LIFO, and (3) weighted-averag methods. Use a separate set of journal entries and T-accounts for each method. Assume all transactions are cash transactions. Complete this question by entering your answers in the tabs below. Post to T-accounts using weighted average method. Assume all transactions are cash transactions. (Round cos per unit to 2 decimal places and final answers to the nearest whole dollar amount.)
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