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The following inventory transactions apply to Green Company for Year 2: The beginning inventory consisted of 170 units at $12 per unit. All transactions are
The following inventory transactions apply to Green Company for Year 2: The beginning inventory consisted of 170 units at $12 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 perpetua records. (If no entry is required for a transaction/event, select "No journal entry required" In the flrst account fleld.) Journal entry worksheet 23456> Note: Enter debits before credits. b. Compute cost of goods sold for Year 2
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