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The following inventory transactions apply to Green Company for Year 2 : The beginning inventory consisted of 1 8 0 units at $ 9 per
The following inventory transactions apply to Green Company for Year :
The beginning inventory consisted of units at $ per unit. All transactions are cash transactions.
Required
a Record these transactions in general journal format assuming Green uses the FIFO cost flow assumption and keeps perpetual
records. If no entry is required for a transactionevent select No journal entry required" in the first account field.
Journal entry worksheet
Record entry inventory purchased for cash.
Note: Enter debits before credits.
b Compute cost of goods sold for Year
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