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Sarved work (Algo) Required information Problem 6-6B Record transactions using a perpetual system, prepare a partial income statement, and adjust for the lower of cost

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Sarved work (Algo) Required information Problem 6-6B Record transactions using a perpetual system, prepare a partial income statement, and adjust for the lower of cost and net realizable value(LO6-2, 6-3, 6-4, 6-5, 6-6) [The following information applies to the questions displayed below.) At the beginning of November, Yoshi Inc.'s Inventory consists of 56 units with a cost per unit of $95. The following transactions occur during the month of November November 2 Purchase 75 units of inventory on account from Tond Inc. for $100 per unit, terms 2/10, n/30. November 3 Pay cash for freight charges related to the November 2 purchase, $300. November 9 Return 15 defective units from the November 2 purchase and receive credit. November 11 Pay Toad Ine. in fall. November 16 Seil 100 units of inventory to customers on account, $13,600. [Wint: The cost of units sold from the November 2 purchase includes $100 unit cost plus $5 per unit for freight loss $2 per unit for the purchase discount, or $103 per unit.) November 20 Receive full payment from customer related to the sale on November 16. November 21 Purchase 66 units of inventory from Toad Inc. for $105 per unit, terma 1/10, n/30. November 24 Sell 75 units of inventory to customers for cash, $8,700. (Note: Por calculating the cost of inventory sold, ignore the possible purchase discount on November 20.) Problem 6-6B Part 1 Required: 1. Assuming that Yoshi Inc, uses a FIFO perpetual inventory system to maintain its internal inventory records, record the transactic (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list MACBOOK Anple whoo Google Connect Seved 6 Homework (Algo) 1. Assuming that Yoshi Inc, uses a FIFO perpetual Inventory system to maintain its Internal Inventory records, (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field View transaction list Journal entry worksheet MacBoo

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