Assuming the perpetual method is used the company sold 3200


Question - Assuming the perpetual method is used, the company sold 3,200 units at $18 each on account, terms 2/10, n/30.

Calculate the cost of goods sold using the FIFO method and record the appropriate journal entries for the sale and the cost of the sale.

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Accounting Basics: Assuming the perpetual method is used the company sold 3200
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