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What did I do wrong I got the answer 14,840 but that answer was incorrect? intor (The following information applies to the questions displayed below.)
What did I do wrong I got the answer 14,840 but that answer was incorrect?
intor (The following information applies to the questions displayed below.) Pam's Creations had the following sales and purchase transactions during Year 2. Beginning inventory consisted of 280 items at $96 each. The company uses the FIFO cost flow assumption and keeps perpetual inventory records. Date Mar. 5 Apr. 10 June 19 Sept. 16 Nov. 28 Transaction Purchased Sold Sold Purchased Sold Description 260 items @ $106 150 items @ $207 275 items @ $ 207 210 items @ $111 140 items @ $ 212 Required a. Record the inventory transactions in general journal format. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record entry for cost of goods sold. Note: Enter debits before credits. Date Debit Credit 11/28 General Journal Cost of goods sold Inventory 14,840 14,840Step by Step Solution
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