eTextbook ment ERSION BACK Brief Exercise 6-15 (Part Level Submission) At the beginning of the...
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eTextbook ment ERSION BACK Brief Exercise 6-15 (Part Level Submission) At the beginning of the year, Indigo Ltd. had 880 units with a cost of $7 per unit in its beginning inventory. The following Jan. 3 Sold 720 units on account for $12 each. transactions occurred during the month of January Purchased 1,040 units on account for $8 per unit. Sold 810 units for cash at $11 each. 9 15 (a) Your answer is partially correct. Try again. Prepare journal entries assuming that Indigo Ltd. uses FIFO under a perpetual inventory system. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Jan. version 4.24.3
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