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Use the Following Information for the Following Questions:
Windsor Ltd 240\quad 240

question 7

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Use the following information for the following questions:
Windsor Ltd. uses FIFO to cost its inventory. The following information is available for Windsor's inventory of product # 205:
Beginning inventory: 240\quad 240 units @$5.28@ \$ 5.28 per unit
March 1: \quad \quad \quad \quad \quad \quad Purchase of 500 units @$5.00@ \$ 5.00 per unit
April 10: \quad \quad \quad \quad \quad \quad Sale of 200 units @$10.20@ \$ 10.20 per unit
-Assuming Windsor uses the perpetual inventory system, the entry to account for the March 1 purchase is

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