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Problem 3 : P6-28A (LIFO Assignment: 1) Using the General Journal tab, click Add Transaction to journalize each transaction. Click Post Transaction once you Background

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Problem 3 : P6-28A (LIFO Assignment: 1) Using the General Journal tab, click Add Transaction to journalize each transaction. Click Post Transaction once you Background Fit Gym began January with merchandise inventory of 78 crates of vitamins that cost a total of $4,290. Fit Gym uses the nventory system, accounts for its merchandise usin nventory month. Fit Gym's January transactions related to merchandise nventory ar included in the Transactions section below tual FO 2) Click the Reports tab and review the results of recording these transactions on the General Ledger 3) Click Submit Work when complete. costing mthod, and estimates retums at the end of eachcomplete the entry, then repeat these steps for each transaction. Transactions: 01/05/2018 Purchased 156 crates of vitamins for $64 each on account. Terms n/30, FOB destination 01/13/2018 Sold 180 crates of vitamins on account for $100 each. Terms 1/10, n/30. FOB destination. (Determine Cost of Goods Sold and 01/14/2018 Paid for the vitamins purchased on January 5 record two separate entries) SAVE WORK RESETRESULTS SUBMIT WORK January 1, 2018 January 31, 2018 BUSINESS REPORTS NT S GENERAL JOURNAL Accounts Debit Credit Date No transactions in Journal ADO TRANSACTION EDIT CHECKED TRANSACTION DELETE CHECKED TRANSACTIONS Problem 3 : P6-28A (LIFO Assignment: 1) Using the General Journal tab, click Add Transaction to journalize each transaction. Click Post Transaction once you Background Fit Gym began January with merchandise inventory of 78 crates of vitamins that cost a total of $4,290. Fit Gym uses the nventory system, accounts for its merchandise usin nventory month. Fit Gym's January transactions related to merchandise nventory ar included in the Transactions section below tual FO 2) Click the Reports tab and review the results of recording these transactions on the General Ledger 3) Click Submit Work when complete. costing mthod, and estimates retums at the end of eachcomplete the entry, then repeat these steps for each transaction. Transactions: 01/05/2018 Purchased 156 crates of vitamins for $64 each on account. Terms n/30, FOB destination 01/13/2018 Sold 180 crates of vitamins on account for $100 each. Terms 1/10, n/30. FOB destination. (Determine Cost of Goods Sold and 01/14/2018 Paid for the vitamins purchased on January 5 record two separate entries) SAVE WORK RESETRESULTS SUBMIT WORK January 1, 2018 January 31, 2018 BUSINESS REPORTS NT S GENERAL JOURNAL Accounts Debit Credit Date No transactions in Journal ADO TRANSACTION EDIT CHECKED TRANSACTION DELETE CHECKED TRANSACTIONS

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