Question

The following inventory transactions apply to Apac Company for 2013:


The beginning inventory consisted of 175 units at $55 per unit. All transactions are cash transactions.

Required
a. Record these transactions in general journal format assuming Apac uses the FIFO cost flow assumption and keeps perpetual records.
b. Compute cost of goods sold for2013.


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  • CreatedOctober 26, 2013
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