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please only fill out these t accounts using FIFO, LIFO and then WA. everything before this is done as well as this one please and
please only fill out these t accounts using FIFO, LIFO and then WA. everything before this is done
as well as this one please and thank you
i think periodic
Required information (The following information applies to the questions displayed below) 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 468 units @ $ 8 - $3,680 260 units @ $ 10 = 2,600 340 units @ $ 13- 4,420 150 units @ $ 15- 2,250 During the year, The Shirt Shop sold 990 T-shirts for $24 each. b. Record the above transactions in general journal form and post to T-accounts using (1) FIFO(2) LIFO, and (3) weighted average. Us a separate set of journal entries and T-accounts for each method. Assume all transactions are cash transactions Answer is not complete. Complete this question by entering your answers in the tabs below. Required B Required B GJ Required BG Required B G Required BT Required BT Required BT FIFO LIFO WA Acc FIFO Acc LIFO Ace WA Post to T-accounts using FIFO method. Assume all transactions are cash transactions. Cash Merchandise Inventory Required information Complete this question by entering your answers in the tabs below. 3 Required B Required B G Required B GJ Required B G Required BT Required BT Required BT FIFO LIFO WA Acc FIFO Acc LIFO Acc WA Post to T-accounts using FIFO method. Assume all transactions are cash transactions. Cash Merchandise Inventory Beg. Bal Beg. Bal End. Bal Sales Revenue Cost of Goods Sold Beg. Bal Beg. Bal End. Bal End. Bal Step by Step Solution
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