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Selfish gene company is a merchandising firm. The following events occurred during the month of May. (Note: Selfish Gene maintains a perpetual inventory system.)
Instructions:
problem 1. Record the preceding events in general journal form.
problem 2. Which event do you think had the most significant economic impact on SelfishGene Company? Are all economically relevant events recorded in the financial records?
How much cost, in total, would be allocated in the first-stage allocation to the Setting Up activity cost pool?
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