August 1 Date August 1 August 5 August 10 August 15 August 25 Activities Beginning inventory Purchase Sale Purchase Sale 220 units sold 210 units sold Use the above information to calculate ending inventory using FIFO for a company that uses a perpetual inventory system. August 5 Date Total August 5 August 10 August 15 Total August 15 August 25 Total August 25 Units Acquired at Cost 260 units @ $10 = $2,600 200 units @ $12= $2,400 230 units @ $13= $2,990. Goods purchased Number of Cost per units unit Number of units sold Units Sold at Retail Cost of Goods Sold Cost per unit Cost of Goods Sold Number of units Inventory Balance Cost per unit Inventory Balance

Use the above information to calculate ending inventory using FIFO for a company that uses a perpetual inventory system