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Question 18 2.5 pts Yeskey uses the perpetual LIFO inventory method and had the following transactions during the month of April: Beginning Inventory 10 units
Question 18 2.5 pts Yeskey uses the perpetual LIFO inventory method and had the following transactions during the month of April: Beginning Inventory 10 units that cost $3 each . April 10 - purchased 20 units for $5 each April 21 - purchased 10 units for $6 each April 28 - sold 15 units for $10 each Yeskey appropriately made the following entry to record the sales revenue for the April 28 sale: Cash $150 Sales Revenue $150 What other journal entry does Yeskey need to make on April 28? a. Debit COGS $85 and credit inventory 585 b. Debit COGS $55 and credit inventory $55 O c. Debit inventory $85 and credit COGS $85 O d. Debit inventory $55 and credit COGS $55
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