23 please quickly thanks! calculations See the transactions in the picture presented. a. Record the journal entries of the transactions on Nov 6th. (Assuming the purchase is on credit) b. How much is...


23 please quickly  thanks!


calculations


See the transactions in the picture presented.


a. Record the journal entries of the transactions on Nov 6th. (Assuming the purchase is on credit)


b. How much is the merchandise sold using perpetual LIFO method? (Show the calculations)


C. How much is the gross profit in November?


Nov 1    Inventory         140units at $25


Nov 6    Credit Sales     60 units at $30 (Selling price)


Nov 14    Purchase       100 units at $22


Nov 19    Credit Sales   80 units at $30 (Selling price)


Nov 25    Credit Sales   60 units at $30 (Selling price)


Nov 30    Purchase        70 units at $20



Jun 11, 2022
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