Question: FIFO perpetual inventory Instructions The beginning inventory at Modright Supples and fato on purchases and sales for a three month period enong March 31 are






FIFO perpetual inventory Instructions The beginning inventory at Modright Supples and fato on purchases and sales for a three month period enong March 31 are as follows \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{2}{|c|}{ Date } & \multirow{2}{*}{\begin{tabular}{l} Pranstetiont \\ Inventory \end{tabular}} & \multirow{2}{*}{\begin{tabular}{l} trumbin ortulits \\ 1500 \end{tabular}} & \multirow{2}{*}{\begin{tabular}{l} Peirunit \\ 37500 \end{tabular}} & \multirow{2}{*}{5502,500total} \\ \hline Jant & 1 & & & & \\ \hline & 10 & Purchase & 22500 & 0500 & 1,912,300 \\ \hline & 2a & Sale & 11,250 & 15000 & 1007,500 \\ \hline & 30 & Sala & 3750 & 15000 & 502,500 \\ \hline \multirow[t]{4}{*}{ reb. } & & Sale & 1,400 & 15000 & 225,000 \\ \hline & 10 & Thichase & 34,000 & 0750 & 4,725000 \\ \hline & 16. & Sale & 27000 & 16000 & 4,320,000 \\ \hline & 28 & Sulin & 25,500 & 16000 & 4,050,000 \\ \hline wa & c. & ew...n. & it phes & inen. & moxsin \\ \hline \end{tabular} Instructions firat in, firstout method Instructions EIfO perpetual inventory CHART OF ACCOUNTS Midniaht Supnties General Ledger ASSEIS 110 Cash 111 Pety Cash 120 Accounts Recewable 131 Notes Receivable 132 interest Rocenable 141 Imventory REVENUE 410 Sabs 610 interest Rovenue EXPENSES 510 Cost of Goode Sold 515 Credit Card Expense EIfO perpetual inventory EIFo perpetual inventory Show Me How Instructions Chart of Accounts 321 Nolos Payahe 562 Deareciation Expensestore Equibenest 222 inlecest Payatie 590 Miscalaneous Exense 23t Sataries Payable 710 interest Expense qut Sales Tax Payahio EQuiry 310 Conmon stock. 311 Retaiat Earanos 312. Didends
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