Post a New Question


posted by .

A company that uses perpetual inventory system made the following cash purchases and sales:
January 1 Purchased 100 units at $10 per unit.
February 5: Purchased 60 units at $12 per unit.
March 16: Sold 40 units for $16 per unit.
Prepare general journal entries to reord the March 16 sales assuming a FIFO method is used

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions

Post a New Question