CengageNOWV2 Online teaching and learning resource from Cangage Learning CORTE Book Show Me How Sale Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 45 units at 526 10 34 units 15 Purchase 22 units at $80 20 Sale 19 units 24 Sale 10 units 30 Purchase 30 units at $85 The business maintains a perpetual inventory system, conting by the first in, fest-out method a. Determine the cost of the goods sold for each sale and the inventory balance after each sa presenting the data in the form ilustrated in Exhibit . Under FIFO, I units are in inventory at two different costs, enter the arts with the LOWER untcost first in the cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column Cost of the Goods Sold Schedule First-in, First-out Method DVD Players Quantay Purchases Purchase Quantity Cost of Goods Sold bit Cost of Goods Sold Inventory Inventory Inventory Purchased Unit Cost Total Cost Sold Unit Cost Total Cost Quantity Unit Cost Total Cost Nov 1 N 76 2.54 10 Now 15 11 1. 00000 DOOD NO 20 19 X x 1.920 X Check My Work Previous Next > All work ved Save and Submit Assignment for Grading eBook Show Me How The business maintains a perpetual inventory system, costing by the first in, first-out method. a. Determine the cost of the goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3. Under FIFO, I units are in inventory at two different costs, enter the units with the LOWER unit cost first in the cost of Goods Sold Unit Cost column and in the inventory Unit Cost column Cost of the Goods Sold Schedule First-in, First-out Method DVD Players Quantity Purchases Purchases Cost of Goods Sold Quantity Date Inventory Cost of Goods Sold Inventory Inventory Purchased Unit Cost Total Cost Sold Unit Cost Total Cost Quantity Unit Cost Total Cost Nov. 1 34 70 2.54 10 Nov. 15 31 1.700 100001 101 Hoonli DOO Nov 20 19 X NO III DILDO 1,520 X 10 NO 300 Now 24 Now, 30 30 2.550 HO Balance o NOW My Work Previous Next > All work saved Save and Exit Submit Assignment for Grading