Transactions for the month of June were: Purchases June 1 3 7 15 22 Sales (balance) 1,600 @ 4,400 @ 2,400 @ 3,600 @ 1,000 @ $3.20 3.10 3.30 3.40 3.50 June 2 6 9 10 18 25 1,200 @ 3,200 @ 2,000 @ 800 @ 2,800 @ 400 @ $5.50 5.50 5.50 6.00 6.00 6.00 Assuming that perpetual inventory records are kept in dollars, the ending inventory on a FIFO basis is

Transactions for the month of June were: Purchases June 1 3 7 15 22 Sales (balance) 1,600 @ 4,400 @ 2,400 @ 3,600 @ 1,000 @ $3.20 3.10 3.30 3.40 3.50 June 2 6 9 10 18 25 1,200 @ 3,200 @ 2,000 @ 800 @ 2,800 @ 400 @ $5.50 5.50 5.50 6.00 6.00 6.00 Assuming that perpetual inventory records are kept in dollars, the ending inventory on a FIFO basis is

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Description: Please do not give solution in image format thanku Transactions for the month of June were:PurchasesJune 1371522Sales(balance) 1,600 @4,400 @2,400 @3,600 @1,000 @$3.203.103.303.403.50June 2691018251,200 @3,200 @2,000 @800 @2,800 @400 @$5.505.505.506.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 20EB: Prepare journal entries to record the following transactions. A. November 19, purchased merchandise...

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