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

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The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31,2023. Stilton Company has two credit sales during the period. The units have a selling price of $152 per unit. Stilton Company uses a 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 places. Round the final answers to 2 decimal places.) 3. Using information from your answers in Parts 1 and 2, journalize the credit purchase on February 10 and the credit sale on September 10 for each of: a. FIFO Journal entry worksheet 23 Record the purchase of inventory on credit. Note: Enter debits before credits. The Stilton Company has the following inventory and credit purchases during the fiscal year ended December 31,2023 . Stilton Company has two credit sales during the period. The units have-a selling price of $152 per unit: Stilton Company uses a perpetual inventory system. Required: 1. Calculate the dollar value of cost of goods sold and ending inventory using: (Do hot round intermediate calculations. Round "Average cost per unit" to 2 decimal places. 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

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