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James Sales sold 450 units of product to a customer on account.The company uses the perpetual inventory system and the FIFO inventory costing method.The selling price was $28 per unit,and the cost,according to the company's inventory records,was $12 per unit.Prepare the journal entries to record the sale.Omit explanations.
Immigrated
The action of moving to a new country or region with the intention of settling and living there permanently.
Dual-Income
Pertaining to households in which two adults contribute financially through employment.
Cohabit
To live together and share a living space, often in a domestic partnership, without being married.
Nuclear Family
A family unit consisting of two parents and their children, regarded as a basic social unit.
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