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The following inventory transactions apply to Green Company for Year 2. January 1 Purchased 250 units $9 April 1 Sold 125 units $17 August 1

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The following inventory transactions apply to Green Company for Year 2. January 1 Purchased 250 units $9 April 1 Sold 125 units $17 August 1 Purchased 370 units & $10 December 1 Sold 463 units $18 The beginning Inventory consisted of 170 units at $10 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 b. Compute cost of goods sold for Year 2. Complete this question by entering your answers in the tabs below. Required A Required B Record these transactions in general journal format assuming Green uses the FIFO cost flow assumption and keeps perpetual records (Ir no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction at View journal entry worksheet 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 transaction/event, select "No journal entry required" in the first account field.) View transaction list View Journal entry worksheet X Debit Credit 2.250 2,250 Record purchases of inventory for cash. 2. Record sale of inventory for cash. 3 Record the cost of goods sold. 4 Record purchases of inventory for cash, Required B 5 Record sale of Inventory for cash. 6 Record the cost of goods sold

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