Business, 20.06.2020 23:57 caylah5921
Journalize for McKinley total March sales and cost of goods sold in two summary entries, under the perpetual system. The selling price was $ 520 per unit and all sales were on credit. Assume that McKinley uses the FIFO inventory method. (Record debits first, then credits. Exclude explanations from any journal entries.) Let's start by recording the entry for March sales. Do not yet record the cost related to the sale. We will do this in the next journal entry.
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Journalize for McKinley total March sales and cost of goods sold in two summary entries, under the p...
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