Question: can you solve perpetual inventory using lifo Perpetual Inventory Using LIFO beginning inventory, purchases, and sales data for portable game players are as follows: 42
Perpetual Inventory Using LIFO beginning inventory, purchases, and sales data for portable game players are as follows: 42 units $59 33 units 55 units@ $61 Apr 1 10 15 Sale 31 units Sale 9 units Purchase 21 units $63 The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4. Under LIFO, if units are in inventory at two different.com enter the units with the HIGHER unit cost first in the cost of Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column Perpetual Inventory Account LIFO Method Portable Game Players Apr 1 Apr. 10 Apr. 15 Apr. 20 20 24 30 Quantity Date Purchased Apr. 24 Inventory Sale Apr 30 Purchase 0 Apr. 30 Balance Purchases Purchases Quantity Sold Unit Cost Total Cost 0 Cost of Merchandise Sold Unit Cost Cost of Merchandise Sold Total Cost Inventory Inventory Inventory Quantity Unit Cost Total Cost Previa
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