The following inventory transactions apply to Apac Company for 2013:
![237_264-B-M-A-I (1870).png](https://secure.tutorsglobe.com/CMSImages/237_264-B-M-A-I (1870).png)
The beginning inventory consisted of 175 units at $55 per unit. All transactions are cash transactions.
Required:
a. Record these transactions in general journal format assuming Apac uses the FIFO cost flow assumption and keeps perpetual records.
b. Compute cost of goods sold for 2013.