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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
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