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Record the above transactions in general journal form using weighted average method. Assume all transactions are cash transactions. (If no entry is required for a
Record the above transactions in general journal form using weighted average method. Assume all transactions are cash transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round cost per unit to 2 decimal places and final answers to the nearest whole dollar amount.) Post to T-accounts using LIFO method. Assume all transactions are cash transactions. Record the above transactions in general journal form. (If no entry is required for a transaction/event, select "No journal entry required" n the first account field.) Record the above transactions in general journal form using FIFO method. Assume all transactions are cash transactions. (If no entry is equired for a transaction/event, select "No journal entry required" in the first account field.) ecord the above transactions in general journal form using LIFO method. Assume all transactions are cash transactions. (If no entry is equired for a transaction/event, select "No journal entry required" in the first account field.) Post to T-accounts using weighted average method. Assume all transactions are cash transactions. (Round cost per unit to 2 decimal places and final answers to the nearest whole dollar amount.) Post to T-accounts using FIFO method. Assume all transactions are cash transactions. Exercise 5-5A (Algo) Effect of inventory cost flow on ending inventory balance and gross margin LO 5-1 [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. During the year, The Shirt Shop sold 1,170 T-shirts for \$25 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-average methods. Use a separate set of journal entries and T-accounts for each method. Assume all transactions are cash transactions. Record the above transactions in general journal form using weighted average method. Assume all transactions are cash transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round cost per unit to 2 decimal places and final answers to the nearest whole dollar amount.) Post to T-accounts using LIFO method. Assume all transactions are cash transactions. Record the above transactions in general journal form. (If no entry is required for a transaction/event, select "No journal entry required" n the first account field.) Record the above transactions in general journal form using FIFO method. Assume all transactions are cash transactions. (If no entry is equired for a transaction/event, select "No journal entry required" in the first account field.) ecord the above transactions in general journal form using LIFO method. Assume all transactions are cash transactions. (If no entry is equired for a transaction/event, select "No journal entry required" in the first account field.) Post to T-accounts using weighted average method. Assume all transactions are cash transactions. (Round cost per unit to 2 decimal places and final answers to the nearest whole dollar amount.) Post to T-accounts using FIFO method. Assume all transactions are cash transactions. Exercise 5-5A (Algo) Effect of inventory cost flow on ending inventory balance and gross margin LO 5-1 [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. During the year, The Shirt Shop sold 1,170 T-shirts for \$25 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-average methods. Use a separate set of journal entries and T-accounts for each method. Assume all transactions are cash transactions
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