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Required information [The following information applies to the questions displayed below.) Pam's Creations had the following sales and purchase transactions during Year 2. Beginning inventory
Required information [The following information applies to the questions displayed below.) Pam's Creations had the following sales and purchase transactions during Year 2. Beginning inventory consisted of 220 items at $90 each. The company uses the FIFO cost flow assumption and keeps perpetual inventory records. Date Transaction Description Purchased Apr. 10 Sold Sold Sept. 16 Mar. 5 June 19 200 items @ $100 120 items @ $195 215 items @ $195 150 items @ $105 110 items$ 200 Purchased Sold Nov. 28 Required a. Record the inventory transactions in general journal format. (If no entry is required for a transaction/event, select "No journal e required in the first account field.) View transaction list Journal entry worksheet 2 3 5 8 6 11 Required information Part 1 of 3 Journal entry worksheet 5 6 7.69 points Record entry for cost of goods sold. Skipped eBook Note: Enter debits before credits. Print Date Debit Credit References 06/19 General Journal Cost of goods sold inventory Record entry Clear entry View general Journal MC Graw
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