Question: kindly fill those missing values le HOW Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr.


kindly fill those missing values
le HOW Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 43 units @ $70 10 Sale 31 units 15 Purchase 23 units @ $74 20 Sale 20 units 24 Sale 11 units 30 Purchase 27 units @ $77 The business maintains a perpetual inventory system, costing by the first-in, first-out method. a. Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Merchandise Sold Unit Cost column and in the Inventory Unit Cost column, Perpetual Inventory Account First-in, First-out Method Portable Game Players Purchases Unit cost Quantity cost Merchandise sold Purchases Total Cost Cost of Merchandise Sold Unit cost Quantity Purchased cost of Merchandise Sold Total cost Date Inventory Quantity Inventory Unit Cost Inventory Total Cost Apr 1 13 70 3,010 Check My Work DOS Perpetual Inventory Account First-in, First-out Method Portable Game Players Purchases Unit Cost Quantity Purchased Quantity Cost of Merchandise Sold Purchases Total Cost Cost of Merchandise Sold Unit Cost Cost of Merchandise Sold Total Cost Date Inventory Quantity Inventory Unit Cost Inventory Total Cost Apr. 1 43 70 Apr. 10 3,010 31.00 70.00 2,170 12 70 840 Apr. 15 23.00 74.00 1,702 12 70 840 > 23 74 1,702 Apr. 20 15 74 222 23.00 X 74.00 1,702 X x 1 Apr. 24 11.00 74.00 814 8 X 74 222 X Apr. 30 27.00 77.00 2,079 8. X 74 888 x 27 77 2,079 Apr. 30 Balances 62.00 X Feedback Check My Work Previous Next
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