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Use the FIFO perpetual inventory record for Creative Kaos below to journalize Creative Kaos's Apr 8 purchase of inventory on account and cash sale on
Use the FIFO perpetual inventory record for Creative Kaos below to journalize Creative Kaos's Apr 8 purchase of inventory on account and cash sale on Apr 17 (sale price of each guitar was $1,700) (Click the icon to view the FIFO perpetual inventory record.) Journal Entry Date Accounts Debit Credit Apr. Record the cost of the guitars sold on the 17th Journal Entry Date Accounts Debit Credit Apr Record the cost of the guitars sold on the 17th. Journal Entry Date Accounts Debit Credit Apr. alize Crea 0 Inventory record - X le on Apr. 17 dits. Excl Date Quantity Unit Cost Total Cost Apr. 4 1,080 ebit 4,320 (2,160) 6 (2) 1,080 Bal. 2 1,080 2.160 11.044 8 11 1,004 Bal. 13 13,204 17 1,080 ansaction (2) (2) (2,160) (2008 17. 1,004 Bal. 9 1,004 9.036 ebit 30 6 1.004 6,024 End Inv. 15 15,060 Print Done ontinue
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