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  3. the following inventory transactions apply to gree

The following inventory transactions apply to Green Company for Year 2. The beginning inventory consisted...

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Accounting

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The following inventory transactions apply to Green Company for Year 2. The beginning inventory consisted of 180 units at $10 per unit. All transactions are cash transactions. Required a. Record these transactions in generai journal format assuming Green uses the FIFO cost flow assumption and keeps perpetual records: b. Compute cost of goods sold for Year 2 . 1 Record purchases of inventory for cash. 2 Record sale of inventory for cash. 3 Record the cost of goods sold. 4 Record purchases of inventory for cash. 5 Record sale of inventory for cash. 6 Record the cost of goods sold

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