The following inventory transactions apply to Green Company for Year 2: Jan. 1 Apr. 1 Aug. 1 Dec. 1 Purchased Sold Purchased Sold 250 units @ $ 10 125 units @ $ 18 400 units @ $ 11 500 units @ $ 19 The beginning inventory consisted of 195 units at $11 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 Record entry inventory purchased for cash. Note: Enter debits before credits. Date General Journal Debit Credit 01/01 Record entry Clear entry View general journal X: 1 Record entry inventory purchased for cash. 2 Record sale of inventory for cash. 3 Record entry for cost of goods sold. 4 Record entry inventory purchased for cash. 5 Record sale of inventory for cash. 6 Record entry for cost of goods sold. Note : journal entry has been entered b. Compute cost of goods sold for Year 2. Cost of goods sold