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The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2023. Stilon Company has two credit sales during

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The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31, 2023. Stilon Company has two credit sales during the period. The units have a selling price of $138 per unit. Stilon Company uses o perpetual inventory system. Required: 1. Calculate the dollar value of cost of goods sold and ending inventory using: (Do not round intermediate calculations. Round "Average cost per unit" to 2 decimal ploces. Round the final answers to 2 decimal places.) 2. Calculate the dollar value of cost of goods sold and ending inventory using specific identification, assuming the sales were specifically identified as follows: 3. Using information from your answers in Parts 1 and 2, joumalize the credit purchase on February 10 and the credit sale on September 10 for each of: a. FIFO Journal entry worksheet Record the purchase of inventory on credit. Notei Enter debits before credas. . Moving weighted average (Do not round intermediate calculations. Round "Average cost per unit" to 2 decimal places. Round the final answers to nearest whole dollar.) Journal entry worksheet Record the purchase of inventory on credit. Note: Inter debits before credits. c. Specific identification Journal entry worksheet Record the purchase of inventory on credit. Note: Enter debits before credits

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