Listed are all of the inventory, cash transactions for the month of May 5/1/2013 Bought...
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Listed are all of the inventory, cash transactions for the month of May 5/1/2013 Bought 5 DCDF001 for $50.00 each 5/3/2013 Bought 4 CCF034 for $23.00 each 5/7/2013 Sold 2 DCDF001 for $75.00 each 5/9/2013 Bought 3 DCDF001 for $45.00 each 5/11/2013 Sold 4 DCDF001 for $80.00 each and 2 CCF034 for $40.00 each Create the general journal entries and maintain the Inventory Subsidiary Accounts a. for the above transactions using the perpetual FIFO b. and the perpetual LIFO methods
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