Question: Requited information Problem 5-20A (Algo) Allocating product costs botween cost of goods sold and ending inventory: intermittent purchases and sales of merchandise LO 51 [The

Requited information Problem 5-20A (Algo) Allocating product costs botween cost of goods sold and ending inventory: intermittent purchases and sales of merchandise LO 51 [The following information applies to the questions cispiayed beiow) Pamis Creations had the following sales and purchate transections dithtg year 2 Beganning inventory consisted of 230 . items at $99 each. The company uses the FFFO cost flow assumption ena keeps perpetual inventory records. Problem 5-20A (Algo) Part a Required a. Pecord the inyentory transections in generat joumai format (if no entry is required for a transactionievent, select 'No journal entry required" in the first account field.)

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