7-2A

Date	Transaction	Number per units	Per Unit	Total
Jan. 1	Inventory	7500	75.00	562500
10	Purchase	22500	85.00	1912500
28	sale	11250	150.00	1687500
30	sale	3750	150.00	562500
Feb. 5	sale	1500	150.00	225000
10	purchase	54000	87.50	4725000
16	sale	27000	160.00	4320000
28	sale	25500	160.00	4080000
Mar. 5	purchase	45000	89.50	4027500
14	sale	30000	160.00	4800000
25	purchase	7500	90.00	675000

30

sale

26250

160.00

4200000

That is all the information that was provided, thank you !

PR 7-2A LIFO perpetual inventory OBJ. 2, 3 The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period are shown in Problem 7-1A. Instructions 1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated in Exhibit 4, using the last-in, first-out method. 2. Determine the total sales, the total cost of merchandise sold, and the gross profit from sales for the period. 3. Determine the ending inventory cost as of March 31. Date Jan. 1 10 28 30 Feb. 5 10 16 28 Mar. 5 14 25 30 31 Quantity Balances Purchases Unit Cost Total Cost Cost of Merchandise Sold Total Cost Quantity Unit Cost Quantity 7,500 Inventory Unit Cost $75.00 $ Total Cost 562,500 Total sales Total cost of merchandise sold Gross profit Ending inventory cost