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

[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 160 items at $84 each. The company uses the FIFO cost flow assumption and keeps perpetual inventory records.

Date Transaction Description
March 5 Purchased 140 items @ $94
April 10 Sold 90 items @ $183
June 19 Sold 155 items @ $183
September 16 Purchased 90 items @ $99
November 28 Sold 80 items @ $188

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.)

Record purchase of inventory for cash.

Record sale of inventory for cash

Record entry for cost of goods sold.

Record sale of inventory for cash.

Record entry for cost of goods sold.

Record purchase of inventory for cash.

Record sale of inventory for cash.

Record entry for cost of goods sold.

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