Question: Hobbies Galore Item: Model Airplane kits Date Item Quantity Unit Cost 1-Aug Balance 4 $20 5-Aug Purchase 6 $21 12-Aug Sale 7 15-Aug Purchase 12
| Hobbies Galore | |||
| Item: Model Airplane kits | |||
| Date | Item | Quantity | Unit Cost |
| 1-Aug | Balance | 4 | $20 |
| 5-Aug | Purchase | 6 | $21 |
| 12-Aug | Sale | 7 | |
| 15-Aug | Purchase | 12 | $22 |
| 28-Aug | Sale | 6 | |
I need help preparing a perpetual inventory record using, LIFO and average cost to get the quantity, unit cost, and total cost for purchases, cost of goods sold, and remaining inventory on hand
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