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What is the journal entry to record the sale

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Question: The beginning inventory, purchases, and sales data for Biesick Co. is as follows: Inventory Purchases Sales

Dec 1 (50 units @$110)

Dec 2 (40 units @$150)

Dec 11 (25 units)

Dec 24 (45 units @ $180)

Dec 18 (55 units)

Dec 29 (29 units)

Complete the perpetual inventory sheet (following page) assuming the FIFO inventory costing methods:

What is the journal entry to record the sale on December 18 if the company sold the units on account for $320 each?

Reference no: EM132758476

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