Question: 20 points (10 points each) Complete the following using the Perpetual System And the FIFO method I have started it with the beginning inventory of

 20 points (10 points each) Complete the following using the Perpetual
System And the FIFO method I have started it with the beginning

20 points (10 points each) Complete the following using the Perpetual System And the FIFO method I have started it with the beginning inventory of 10 units at $10; and the first purchase of 15 units of $12. Remember to bring any unused inventory down Sales and purchases for the rest of the month are as follows: 6-May Sold 8 units 10-May Purchased 5 units @ 17 20-May Sold 12 units 25-May Sold 3 units Thave started it with the beginning inventory of 10 units at $10; and the first purchase of 15 units of $12 Remember to bring any unused inventory down Sales and purchases for the rest of the month are as follows: 6-May Sold 8 units 10-May Purchased 5 unis 17 20-May Sold 12 units 25-May Sold 3 units 10 points Purchases Units Date Cost Total Cost of Goods Sold Units Cost Total 1. May 5-May Ending Inventory Unit Cost Total 106 10 S 100 10 5 10 $ 100 15 $ 12 s 180 15 $ 12 $ 180 37 68 170 172 173 174 175 170 127 978 179 110 10 points 181 Total COGS Total Merch Inv. Re work the above problem below using LFO this time Date Cost of Goods Sold Units Cost Total 153 184 496 186 Purchases Unts Cost Total 1-May 5-May 15$ 12$ 180 Ending Inventory Unit Cont Total 10 $ 10$ 100 103 10$ 100 15$ 12S 180 180 190 191 192 199 10 40 Total Cool Total Merch. In

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