( PRODUCT DEACTIVATE Navigation Sam's No matches Headings Pages Not yet answered Marked out of 20.00 F Flag question Create an interactive It's a great way to kee move your content To get started, go to to the headings in The following transactions apply to Sam's Skateboards. 1-Jan Beginning inventory 50 units @ $120 12-Jan Purchase 30 units @ $104 19-Mar Sales 60 units @ $190 8-Jun Purchase 20 units @ $116 4-Nov Sales 35 units @ $200 Assume the use of the perpetual inventory method and that all transactions were for cash. Required: a) Prepare the journal entries for the above transact[ons, assuming a FIFO cost flow. b) Determine the amount of ending inventory using a FIFO cost flow. 1 B 1 !!! li