Question

The following inventory transactions apply to Green Company for 2016:
The beginning inventory consisted of 180 units at $48 per unit. All transactions are cash transactions.
Required
a. Record these transactions in general journal format assuming Green uses the FIFO cost flow assumption and keeps perpetual records.
b. Compute cost of goods sold for 2016.


$1.99
Sales12
Views191
Comments0
  • CreatedApril 20, 2015
  • Files Included
Post your question
5000