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(Solved): How to find cost of goods sold for 11/28 Pam's Creations had the following sales and purchase trans ...



How to find cost of goods sold for 11/28

Pams Creations had the following sales and purchase transactions during Year 2. Beginning inventory consisted of 220 items a
Pam's Creations had the following sales and purchase transactions during Year 2. Beginning inventory consisted of 220 items at each. The company uses the FIFO cost flow assumption and keeps perpetual inventory records. lequired 1. Record the inventory transactions in general journal format. (If no entry is required for a transaction/event, select "No journal entry equired" in the first account field.)


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First-in, First-Out under Perpetual Inventory SystemUnder the perpetual inventory system, the inventory records are updated on every sale and purchase
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