Requirements or Big Fis ations fro Journalize the following for Big Fish Company under the perpetual system: 1. Total August purchases in one summary entry. All purchases were on credit. 2. Total August sales and cost of goods sold in two summary entries. The selling price was $625 per unit, and all sales were on credit. Assume that Big Fish uses the FIFO inventory method. 3. Under FIFO, how much gross profit would Big Fish earn on for the month ending August 31? What is the FIFO cost of Big Fish Company's ending inventory? Print | Done er any number i tremput terus and then CHICK CHECK Answer. Clear All GOTHIC prm5 CVEV CHOS Aug 1 Beginning inventory. 15 Purchase ... units @ $ 5 units @ 11 units @ 160 = $ 1,440 161 = $ 805 170 = $ 1,870 26 Purchase Print Done n the input fields and then click Check Answer. Clear All prmgZUZU LID Wupcu Uuestion Help Assignments Big Fish Company's inventory records for its retail division show the following Click the icon to view the accounting records. At August 31, 10 of these units are on hand Do Homework Take a Quiz/Test Read the reguomen's Requirement 1. Joumaize for Big Fish total August purchases in one summary entry, under the perpetual system. All purchases were on credt. Record doces first then credits Exclude explanations from any jumal entries) Journal Entry Accounts Debit ds and then click Check Answer 757 2000 Type here to search 5 1 WERTYULOPI HK L TOPMO) Question Help Assignments Big Fish Company's inventory records for its retail division show the following at August 31: B! Click the icon to view the accounting records.) At August 31, 10 of these units are on hand. Do Homework Take a Quiz/Test Read the requirements Requirement 1. Journalize for Big Fish total August purchases in one summary entry, under the perpetual system. All purchases were on credit. (Record debits first then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date Debit Credit Choose from any list or enter any number in the input fields and then click Check Answer Check Answer A Clear All parts remaining Type here to search