e data in ER unit cost first in the Inventory Unit Cost column. S Total Cost 207,000 89,300 Schedule of Cost of Goods Sold LIFO Method Quantity 2,700 4,600 400 Cost of Goods Sold Unit Cost $ 41 45 41 Total Cost 110,700 207,000 16,400 $ 334,100 Quantity 4,200 1,500 400 X Inventory Unit Cost 41 41 45 Total Cost $ 172,200 61,500 000

ER unit cost first in the Inventory Unit Cost column. Perpetual Inventory Using LIFO The following units of a particular item were available for sale during the calendar year: The firm maintains a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale, assuming the last-in, first-out method. Present the data in the form illustrated in Exhibit 4. Under LIFO, if units are in inventory at two or more different costs, enter the units with the LOWER unit cost first in the Inventory Unit Cost column. ER unit cost first in the Inventory Unit Cost column. Perpetual Inventory Using LIFO The following units of a particular item were available for sale during the calendar year: The firm maintains a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale, assuming the last-in, first-out method. Present the data in the form illustrated in Exhibit 4. Under LIFO, if units are in inventory at two or more different costs, enter the units with the LOWER unit cost first in the Inventory Unit Cost column