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Record these transactions in general journal format

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Reference no: EM13930530

The following inventory transactions apply to Apac Company for 2013:

237_264-B-M-A-I (1870).png

The beginning inventory consisted of 175 units at $55 per unit. All transactions are cash transactions. 

Required: 

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

b. Compute cost of goods sold for 2013. 

Reference no: EM13930530

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