Question: Beginning inventory, purchases, and sales data for widgets are as follows: Apr. 3 Inventory 1 5 units @ $ 3 0 1 1 Purchase 1
Beginning inventory, purchases, and sales data for widgets are as follows:
Apr. Inventory units @ $
Purchase units @ $
Sale units
Purchase units @ $
Sale units
Complete the subsidiary inventory ledger assuming the business maintains a perpetual inventory system and computes the cost of merchandise sold and ending inventory using LIFO.
Purchases Cost of
Merchandise Sold
Inventory
Date Qty Unit Cost Total Cost Qty Unit Cost Total Cost Qty Unit Cost Total Cost
Apr. fill in the blank $fill in the blank $fill in the blank
fill in the blank $fill in the blank $fill in the blank fill in the blank $fill in the blank $fill in the blank
fill in the blank $fill in the blank fill in the blank
fill in the blank $fill in the blank $fill in the blank fill in the blank $fill in the blank $fill in the blank
fill in the blank $fill in the blank fill in the blank
fill in the blank $fill in the blank $fill in the blank fill in the blank $fill in the blank $fill in the blank
fill in the blank $fill in the blank fill in the blank
fill in the blank $fill in the blank $fill in the blank fill in the blank $fill in the blank $fill in the blank
fill in the blank $fill in the blank fill in the blank
Total cost of merchandise sold
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