Assume that massey uses a periodic inventory system and

Question

The following information is available for Massey Company:

Beginning inventory               600 units at $5

First purchase                        900 units at $6

Second purchase                   500 units at $7

Assume that Massey uses a periodic inventory system and that there are 700 units left at the end of the month. Total sales amounted to $30,000

Instructions 

Journalize sale of inventory on account (use FIFO for CGS)