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tree sedlings has the following current year purchases ans sales for its only products: january 1 : begining inventory 80 units@ 2$=160 january 3 :

tree sedlings has the following current year purchases ans sales for its only products:
january 1 : begining inventory 80 units@ 2$=160
january 3 : sales 46 units @8$.
february 14: purchases 102 units@3$=306.
February15: sales 100 units@8$.
june 30: purchase 130@ 4 =520.
Novembre6:sales 110 units@8$.
Novembre19 :purchase 36units@5$=180.
record the journal entry for tree seedlings.Assume that the company uses a perptual inventory system and LIFO. no discount are offered
image text in transcribed
image text in transcribed
1 Record the sale of goods. 2 Record the cost of sale. 3 Record the purchase of inventory. 4 Record the sale of goods. 5 LO Record the cost of sale. 6 Record the purchase of inventory. 7 Record the sale of goods. 8 Record the cost of sale. Note : = journal entry has been entered Record entry Clear entry 2 Record the cost of sale. 3 Record the purchase of inventory. 4 Record the sale of goods. 5 Record the cost of sale. 6 Record the purchase of inventory. Crec 7 Record the sale of goods. 8 Record the cost of sale. 9 Record the purchase of inventory. Note: - journal entry has been entered Record entry Clear entry View

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