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The following inventory transactions apply to Green Company for Year 2. The beginning inventory consisted of 175 units at $10 per unit. All transactions are
The following inventory transactions apply to Green Company for Year 2. The beginning inventory consisted of 175 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 keep perpetual records. b. Compute cost of goods sold for Year 2. Complete this question by entering your answers in the tabs below. Record these transactions in general journal format assuming Green uses the FIFO cost flow assumption and keeps perpet records. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) The following inventory transactions apply to Green Company for Year 2. The beginning inventory consisted of 175 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Compute cost of goods sold for Year 2
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