Creative Kaos Store carries a large inventory of guitars and other musical instruments. The store uses the FIFO method and a perpetual inventory system. Company records indicate the following for a particular line of guitars:

Required
Prepare a perpetual inventory record for the guitars. Then determine the amounts Creative Kaos Store should report for ending inventory and cost of goods sold under the FIFO method.

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Date Quantity Unit Cost May 1 Balknx Sale Purchase Sale Purchase $900 10 17 2