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The following inventory transactions apply to Green Company for Year 2: Jan. 1 Purchased Apr. 1 Sold Aug. 1 Purchased Dec. 1 Sold 250 units$9
The following inventory transactions apply to Green Company for Year 2: Jan. 1 Purchased Apr. 1 Sold Aug. 1 Purchased Dec. 1 Sold 250 units$9 125 units 17 400 units 10 500 units 18 The beginning inventory consisted of 160 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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
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