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Business, 12.11.2019 02:31 adiaripley6408

Skysong company sells one product. presented below is information for january for skysong company. jan. 1 inventory 106 units at $5 each 4 sale 85 units at $8 each 11 purchase 155 units at $7 each 13 sale 128 units at $9 each 20 purchase 173 units at $7 each 27 sale 116 units at $11 each skysong uses the fifo cost flow assumption. all purchases and sales are on account. assume skysong uses a periodic system. prepare all necessary journal entries, including the end-of-month closing entry to record cost of goods sold. a physical count indicates that the ending inventory for january is 105 units. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when amount is entered. do not indent manually.)

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Skysong company sells one product. presented below is information for january for skysong company. j...
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