Solution-Star glass company uses the fifo cost flow

Star glass company uses the fifo cost flow

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Reference no: EM13932827

The following inventory transactions apply to Star Glass Company for 2013:

The beginning inventory consisted of 180 units at $10 per unit. All transactions are cash transactions.

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Required:

a. Record these transactions in general journal format assuming Star Glass Company uses the FIFO cost flow assumption and keeps perpetual records.

b. Compute the ending balance in the Inventory account.

Reference no: EM13932827

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Star glass company uses the fifo cost flow

Reference no: EM13932827

Reference no: EM13932827

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