Question: Using the picture attached. Please help with the following: 1 . Prepare journal entries to record the cost of sales on January 2 4 and
Using the picture attached. Please help with the following:
Prepare journal entries to record the cost of sales on January and March th Using the weightedaverage method.
If FIFO is used, calculate the amount of the understatement or overstatement in the cost of sales for the first six months of the current year.
If FIFO is used, calculate the amount of the understatement or overstatement in the current assets at June of the current year.
Thanks!
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