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Required information [The following information applies to the questions displayed below.] Pams Creations had the following sales and purchase transactions during Year 2. Beginning inventory

Required information

[The following information applies to the questions displayed below.]

Pams Creations had the following sales and purchase transactions during Year 2. Beginning inventory consisted of 180 items at $86 each. The company uses the FIFO cost flow assumption and keeps perpetual inventory records.

Date Transaction Description
Mar. 5 Purchased 160 items @ $ 96
Apr. 10 Sold 100 items @ $ 187
June 19 Sold 175 items @ $ 187
Sept. 16 Purchased 110 items @ $ 101
Nov. 28 Sold 90 items @ $ 192

Required a. Record the inventory transactions in general journal format. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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