Question: 6 of 6 View Policies < -/1 E Current Attempt in Progress At the beginning of the year, Grouper Ltd. had 910 units with a
6 of 6 View Policies < -/1 E Current Attempt in Progress At the beginning of the year, Grouper Ltd. had 910 units with a cost of $5 per unit in its beginning inventory. The following inventory transactions occurred during the month of January: Jan 3 Sold 730 units on account for $10 each. 9 Purchased 970 units on account for $6 per unit. 15 Sold 840 units for cash at $9 each. (a) Prepare journal entries for these January transactions assuming that Grouper Ltd. uses FIFO under a perpetual inventory system. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and for the amounts Question 6 of 6 -1 E Prepare journal entries for these January transactions assuming that Grouper Ltd uses FIFO under a perpetual inventory system. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entjes in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Date Account Titles and Explanation Jan 31 3 (To record sale) 9 (To record the inventory) 15 12 A Debit Credit O 0 Question 6 of 6 x 9 (To record the inventory! 15 15 (To recond sale) (To record the inventory eTextbook and Media List of Accounts -/1 E Assistance Used stv D D
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