122 H M N A B C D E F G Chapter 6 In Class Perpetual Inventory - FIFO 2 Date 3 Mason Sports Supplies Company uses a perpetual 4 Inventory system. The company has the following Purchases Sales (at Cost) Units Unit Cost Total Cost Units Unit Cost COGS Inventory Balance Units Unit Cost Total Cost 5 Information: lan. 1 D Feb. 13 7 Date Explanation Units Unit Cost Total Costs a Jan 1 Beginning 500 $304 $152,000 Feb 13 Purchase 300 309 92.700 Feb. 15 (450) Augs 10 Feb 15 Sales 11 Aug 5. Purchase 12 A 10 Sales 900 312 280,800 (135) 13 525,500 Aug. 10 14 16 Total 15 1.Calculate the cost of goods sold and ending inventory using to 17 2. lournalize the sales on Aug. 10 assume the sales price is $400 each unit. Cost of Goods Available for Sale COGS Endins inventory 1 10 Aur 10 20 21 23 24 25 20 Perpetual FIFO Perpetual WAC Periodic Pro Periodic WAG