Given the following information, what journal entry does Lil Wayne's company make to COGS if they use FIFO periodic inventory method and count 120 units at the end of the year inventory count? Use a...


Given the following information, what journal entry does Lil Wayne's company make to COGS if they use FIFO periodic inventory method and count 120 units at the end of the year inventory count? Use a positive for a debit, negative for a credit.

























DateUnits Purchased Cost per Unit
Beginning Inventory80 $   4.20
3/31/2021160 $   4.45
10/31/2021100 $   4.90


Jun 03, 2022
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