Chrome File Edit View History Bookmarks Profiles Tab Window Help US Q 2 0 Sat Apr 1 1:43 PM Bb] Chapter 5 Homework Assignme M Question 6 - Chapter 5 Homew > Course Hero C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconne... Q ( # Update : Chapter 5 Homework Assignment Saved Help Save & Exit Submit Check my work 6 Required information [The following information applies to the questions displayed below.] The Shirt Shop had the following transactions for T-shirts for Year 1, its first year of operations. Part 2 of 3 January 20 Purchased 570 units $ $ 10 = 5,700 April 21 Purchased 370 units ( $12 = 4, 440 July 25 Purchased 450 units | $15 - 6, 750 10 September 19 Purchased 260 units # $17 = 4, 420 point During the year, The Shirt Shop sold 1,320 T-shirts for $26 each. Skipped b. Record the above transactions in general journal form and post to T-accounts assuming (1) FIFO, (2) LIFO, and (3) weighted-average methods. Use a separate set of journal entries and T-accounts for each method. Assume all transactions are cash transactions. cBook Complete this question by entering your answers in the tabs below. Hint Required B equired B GJ Required B GJ Required B GJ J Required B T Required B T Required B T FIFO LIFO WA ACC FIFO ACC LIFO ACC WA Print Record the above transactions in general journal form. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) References View transaction list Journal entry worksheet 3 Record the entry for purchase of inventory for cash on January 20. Note: Enter debits before credits. Date General Journal Debit Credit Jan. 20 Record entry Clear entry View general journal 16,437 1 80070Chrome File Edit View History Bookmarks Profiles Tab Window Help US Q 2 0 Sat Apr 1 1:43 PM Bb] Chapter 5 Homework Assignme M Question 6 - Chapter 5 Homew > Course Hero C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconne... Q ( # Update : Chapter 5 Homework Assignment Saved Help Save & Exit Submit Check my work 6 Required information [The following information applies to the questions displayed below.] The Shirt Shop had the following transactions for T-shirts for Year 1, its first year of operations. Part 2 of 3 January 20 Purchased 570 units $ $ 10 = 5,700 April 21 Purchased 370 units ( $12 = 4, 440 July 25 Purchased 450 units | $15 - 6, 750 10 September 19 Purchased 260 units # $17 = 4, 420 point During the year, The Shirt Shop sold 1,320 T-shirts for $26 each. Skipped b. Record the above transactions in general journal form and post to T-accounts assuming (1) FIFO, (2) LIFO, and (3) weighted-average methods. Use a separate set of journal entries and T-accounts for each method. Assume all transactions are cash transactions. cBook Complete this question by entering your answers in the tabs below. Hint Required B Required B GJ Required B GJ Required B GJ |Required B T Required B T Required B T FIFO LIFO WA ACC FIFO ACC LIFO ACC WA Print Record the above transactions in general journal form using FIFO method. Assume all transactions are cash transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) References View transaction list Journal entry worksheet 16,437 1 80070Chrome File Edit View History Bookmarks Profiles Tab Window Help US Q 2 0 Sat Apr 1 1:43 PM Bb] Chapter 5 Homework Assignme M Question 6 - Chapter 5 Homew > Course Hero C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconne... Q ( # Update: Chapter 5 Homework Assignment Saved Help Save & Exit Submi Check my work 6 Required information [The following information applies to the questions displayed below.] The Shirt Shop had the following transactions for T-shirts for Year 1, its first year of operations. Part 2 of 3 January 20 Purchased 570 units @ $ 10 = 5,700 April 21 Purchased 370 units ( $12 = 4, 440 July 25 Purchased 450 units | $15 = 6, 750 10 September 19 Purchased 260 units # $17 = 4, 420 point During the year, The Shirt Shop sold 1,320 T-shirts for $26 each. Skipped b. Record the above transactions in general journal form and post to T-accounts assuming (1) FIFO, (2) LIFO, and (3) weighted-average methods. Use a separate set of journal entries and T-accounts for each method. Assume all transactions are cash transactions. cBook Complete this question by entering your answers in the tabs below. Hint Required B Required B GJ Required B GJ GJ Required B GJ Required B T Required B T Required B T FIFO LIFO WA ACC FIFO ACC LIFO ACC WA Print Record the above transactions in general journal form using LIFO method. Assume all transactions are cash transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) References View transaction list Journal entry worksheet 6 1 2 Record sale of inventory for cash. Note: Enter debits before credits. Date General Journal Debit Credit Year Record entry Clear entry View general journal 16,437 1 80070Chrome File Edit View History Bookmarks Profiles Tab Window Help US Q 2 0 Sat Apr 1 1:43 PM Bb] Chapter 5 Homework Assignme M Question 6 - Chapter 5 Homew > Course Hero C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconne... Q ( # Update : Chapter 5 Homework Assignment Saved Help Save & Exit Submit Check my work 6 Required information [The following information applies to the questions displayed below.] The Shirt Shop had the following transactions for T-shirts for Year 1, its first year of operations. Part 2 of 3 January 20 Purchased 570 units $ $ 10 = 5,700 April 21 Purchased 370 units ( $12 = 4, 440 July 25 Purchased 450 units | $15 - 6, 750 10 September 19 Purchased 260 units # $17 = 4, 420 point During the year, The Shirt Shop sold 1,320 T-shirts for $26 each. Skipped b. Record the above transactions in general journal form and post to T-accounts assuming (1) FIFO, (2) LIFO, and (3) weighted-average methods. Use a separate set of journal entries and T-accounts for each method. Assume all transactions are cash transactions. cBook Complete this question by entering your answers in the tabs below. Hint Required B Required B GJ Required B GJ Required B GJ Required B T Required B T Required B T FIFO LIFO WA ACC FIFO ACC LIFO ACC WA Print Record the above transactions in general journal form using weighted average method. Assume all transactions are cash transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round cost per unit to 2 decimal places and final answers to the nearest whole dollar amount.) References View transaction list Journal entry worksheet 1 2 Record sale of inventory for cash. Note: Enter debits before credits. Date General Journal Debit Year 1 Chrome File Edit View History Bookmarks Profiles Tab Window Help US Q 2 0 Sat Apr 1 1:43 PM Bb] Chapter 5 Homework Assignme M Question 6 - Chapter 5 Homew > Course Hero C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconne... Q ( # Update : Chapter 5 Homework Assignment Saved Help Save & Exit Submit Check my work 6 Required information [The following information applies to the questions displayed below.] The Shirt Shop had the following transactions for T-shirts for Year 1, its first year of operations. Part 2 of 3 January 20 Purchased 570 units $ $ 10 = 5,700 April 21 Purchased 370 units ( $12 = 4, 440 July 25 Purchased 450 units | $15 - 6, 750 10 September 19 Purchased 260 units # $17 = 4, 420 point During the year, The Shirt Shop sold 1,320 T-shirts for $26 each. Skipped b. Record the above transactions in general journal form and post to T-accounts assuming (1) FIFO, (2) LIFO, and (3) weighted-average methods. Use a separate set of journal entries and T-accounts for each method. Assume all transactions are cash transactions. cBook Complete this question by entering your answers in the tabs below. Hint Required B Required B GJ Required B GJ Required B GJ Required B T Required B T Required B T FIFO LIFO WA ACC FIFO ACC LIFO ACC WA Print Post to T-accounts using FIFO method. Assume all transactions are cash transactions. Cash Merchandise Inventory References Beg. Bal. Beg. Bal. End. Bal. End. Bal. Sales Revenue Cost of Goods Sold Beg. Bal. Beg. Bal. End. Bal. End. Bal. Chrome File Edit View History Bookmarks Profiles Tab Window Help US Q 2 0 Sat Apr 1 1:43 PM Bb] Chapter 5 Homework Assignme M Question 6 - Chapter 5 Homew > Course Hero C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconne... Q ( # Update : Chapter 5 Homework Assignment Saved Help Save & Exit Submit Check my work 6 Required information [The following information applies to the questions displayed below.] The Shirt Shop had the following transactions for T-shirts for Year 1, its first year of operations. Part 2 of 3 January 20 Purchased 570 units $ $ 10 = 5,700 April 21 Purchased 370 units ( $12 = 4, 440 July 25 Purchased 450 units | $15 - 6, 750 10 September 19 Purchased 260 units # $17 = 4, 420 point During the year, The Shirt Shop sold 1,320 T-shirts for $26 each. Skipped b. Record the above transactions in general journal form and post to T-accounts assuming (1) FIFO, (2) LIFO, and (3) weighted-average methods. Use a separate set of journal entries and T-accounts for each method. Assume all transactions are cash transactions. cBook Complete this question by entering your answers in the tabs below. Hint Required B Required B GJ Required B GJ |Required B GJ |Required B T Required B Required B T FIFO LIFO WA ACC FIFO ACC LIFO ACC WA Print Post to T-accounts using LIFO method. Assume all transactions are cash transactions. Cash Merchandise Inventory References Beg. Bal. Beg. Bal. End. Bal. End. Bal. Sales Revenue Cost of Goods Sold Beg. Bal. Beg. Bal. End. Bal. End. Bal. Chrome File Edit View History Bookmarks Profiles Tab Window Help US Q 2 0 Sat Apr 1 1:43 PM Bb] Chapter 5 Homework Assignme M Question 6 - Chapter 5 Homew > Course Hero C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconne... Q ( # Update : Chapter 5 Homework Assignment Saved Help Save & Exit Submit Check my work 6 Required information [The following information applies to the questions displayed below.] The Shirt Shop had the following transactions for T-shirts for Year 1, its first year of operations. Part 2 of 3 January 20 Purchased 570 units $ $ 10 = 5,700 April 21 Purchased 370 units ( $12 = 4, 440 July 25 Purchased 450 units | $15 - 6, 750 10 September 19 Purchased 260 units # $17 = 4, 420 point During the year, The Shirt Shop sold 1,320 T-shirts for $26 each. Skipped b. Record the above transactions in general journal form and post to T-accounts assuming (1) FIFO, (2) LIFO, and (3) weighted-average methods. Use a separate set of journal entries and T-accounts for each method. Assume all transactions are cash transactions. cBook Complete this question by entering your answers in the tabs below. Hint Required B Required B GJ Required B GJ |Required B GJ |Required B T Required B T Required B T FIFO LIFO WA ACC FIFO ACC LIFO ACC WA Print Post to T-accounts using weighted average method. Assume all transactions are cash transactions. (Round cost per unit to 2 decimal places and final answers to the nearest whole dollar amount.) References Cash Merchandise Inventory Beg. Bal. Beg. Bal. End. Bal. End. Bal. Sales Revenue Cost of Goods Sold Beg. Bal. Beg. Bal. End. Bal. End. Bal.