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The following inventory transactions apply to Green Company for Year 2: Jan. Purchased Apr. 2 Sold Aug. 1 Purchased Dec. 1 Sold 260 units e

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The following inventory transactions apply to Green Company for Year 2: Jan. Purchased Apr. 2 Sold Aug. 1 Purchased Dec. 1 Sold 260 units e $50 130 units $85 390 units e$56 490 units @ $96 The beginning inventory consisted of 180 units at $48 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.) View transaction list Journal entry worksheet 5 6 Record entry for cost of goods sold

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