Question: First Choice Company uses the FIFO cost formula in a perpetual inventory system. Fill in the missing amounts for items (a) through (k) in the

First Choice Company uses the FIFO cost formula in a perpetual inventory system. Fill in the missing amounts for items (a) through (k) in the following perpetual inventory schedule:

PURCHASES COST OF GOODS SOLD BALANCE DateUnitsCost Total Units Cost Total UnitsCost Total une 1 200 $25.00 $5,000.00 7 400 $22.00 $8,800.00 18 26 I 350 $20.00 7,000.00 350

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