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Required information [The following information applies to the questions displayed below.) At the beginning of November, Yoshi Inc.'s inventory consists of 68 units with a cost per unit of $95. The following transactions occur during the month of November. * November 2 Purchase 80 units of inventory on account from Toad Inc. for $100 per unit, terns 2/10, n/30. November 3 Pay cash for freight charges related to the Novenber 2 purchase, $240. November 9 Return 20 defective units from the November 2 purchase and receive credit. November 11 Pay Toad Inc. in full. November 16 Sell 100 units of inventory to customers on account, $12,200. (Hint: The cost of units sold from the November 2 purchase includes $100 unit cost plus $4 per unit for freight less $2 per unit for the purchase discount, or $102 per unit.] November 20 Receive full payment from customer related to the sale on November 16. November 21 Purchase 52 units of inventory from Toad Inc. for $105 per unit, terma 1/10, n/30. November 24 Sell 65 units of inventory to customers for cash, $7,300. (Note: Por calculating the cost of inventory sold, ignore the possible purchase discount on November 20.) ces Required: 1. Assuming that Yoshi Inc. uses a FIFO perpetual inventory system to maintain its internal inventory records, record the transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Required: 1. Assuming that Yoshi Inc. uses a FIFO perpetual Inventory system to maintain its internal inventory records, record the transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) of 3 View transaction list Journal entry worksheet 1 2 3 4 5 7 8 9 10 ook Record purchase of 80 units of inventory on account from Toad Inc. for $100 per unit, terms 2/10, 1/30. ences Note: Enter debits before credits General Journal Debit Credit Date November 02 Record entry Clear entry View general journal 2 Pro R 9 10 of 20 B Next > Required: 1. Assuming that Yoshi Inc, uses a FIFO perpetual inventory system to maintain its internal inventory records, record the transaction (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 13 View transaction list Journal entry worksheet 1. Assuming that Yoshi Inc. uses a FIFO perpetual inventory system to maintain its internal inventory reco (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account View transaction list Journal entry worksheet 1 2 2 3 4 5 6 7 8 9 10 Record return of 20 defective units from the November 2 purchase and receive credit. Note: Enter debits before credits. General Journal Debit Credit Date November 09 Record entry Clear entry View general Journal View transaction list Journal entry worksheet Record the sale of 100 units of inventory to customers on account, $12,200. Note: Enter debits before credits. Date General Journal Debit Credit November 16 Record entry Clear entry View general Journal Journal entry worksheet View transaction list Journal entry worksheet 1 2 3 4 5 7 8 9 10 Record receipt of full payment from customers related to the sale on November 16. Note: Enter debits before credits. General Journal Debit Credit Date November 20 Record entry Clear entry View general Journal SA 22 Nove Journal entry worksheet 1 2 3 4 5 6 7 9 10 Record purchase of 52 units of inventory from Toad Inc. for $105 per unit, terms 1/10, n/30. Note: Enter debits before credits. Date General Journal Debit Credit November 21 Record entry Clear entry View general Journal ew transaction list Journal entry worksheet 10 9 1 2 3 4 5 6 7 8 Record the sale of 65 units of inventory to customers for cash, $7,300. Note: Enter debits before credits. General Journal Debit Credit Date November 24 Record entry Clear entry View general Journal

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