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The following inventory transactions apply to Green Company for Year 2 Jan 1 Purchased 230 units @ $8 April 1 Sold 115 units @ $18

The following inventory transactions apply to Green Company for Year 2

Jan 1 Purchased 230 units @ $8

April 1 Sold 115 units @ $18

Aug 1 Purchased 440 units @ $9

Dec 1 Sold 550 units @ $19

The beginning inventory consisted of 175 units at $9 per unit. All transactions are cash transactions.

a.) Record these transactions in general journal format assuming Green uses the FIFO cost flow assumption and keeps perpetual records.

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