NOW Unix Gework Help With .com/ilm/takeAssignment/takeAssignment Main.doinvoker&takeAssignmentSessionLocator-&inprogress-false eBook Show Me How Calculator Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 77 units at $76 10 Sale 64 units 15 Purchase 39 units at $79 20 Sale 19 units 24 Sale 26 units 30 Purchase 37 units at $84 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, if 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 Date Quantity Purchased Purchases Unit Cost Purchases Total Cost Quantity Sold DVD Players Cost of Goods Sold Unit Cost Cost of Goods Sold Total Cost Inventory Quantity Inventory Unit Cost Inventory Total Cost Nov. 1 77 76 5.852 76 Nov. 10 Nov. 15 4866 13 76 39 79 3,081 13 76 988 On My Work Previous Next All work saved Emal Instructor Save and Exit Submit Assignerent for dig O 1 11:57 PM EN NOWV2 Onlir X C Get Homework Help With C + com/ilm/takeAssignment/takeAssigrmentMain.do?invoker - StakeAssignmentSessionLocator &inprogress false eBook Show Me How Calculator . 10 64 76 4,864 13 76 > 988 Nov. 15 39 79 3,081 13 76 39 79 3,081 Nov. 20 II IUBE 13 76 988 6 79 474 Nov. 24 Nov. 30 Nov. 30 Balances Feestar Check My Work Note that this exercise uses the perpetual inventory system. FIFO means that the first units purchased are assumed to be the first to be sold. Therefore, ending inventory is made up of the most recent purchases. Learning Objective 2. Learning Objective 3. 1). Based upon the preceding data, would you expect the inventory to be higher or lower using the last in, forst-out method? Previous Next Check My Work Save and Ex Email Instructor All work saved Sunt Assignment for Grading 11 ING O NOW Unix Gework Help With .com/ilm/takeAssignment/takeAssignment Main.doinvoker&takeAssignmentSessionLocator-&inprogress-false eBook Show Me How Calculator Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 77 units at $76 10 Sale 64 units 15 Purchase 39 units at $79 20 Sale 19 units 24 Sale 26 units 30 Purchase 37 units at $84 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, if 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 Date Quantity Purchased Purchases Unit Cost Purchases Total Cost Quantity Sold DVD Players Cost of Goods Sold Unit Cost Cost of Goods Sold Total Cost Inventory Quantity Inventory Unit Cost Inventory Total Cost Nov. 1 77 76 5.852 76 Nov. 10 Nov. 15 4866 13 76 39 79 3,081 13 76 988 On My Work Previous Next All work saved Emal Instructor Save and Exit Submit Assignerent for dig O 1 11:57 PM EN NOWV2 Onlir X C Get Homework Help With C + com/ilm/takeAssignment/takeAssigrmentMain.do?invoker - StakeAssignmentSessionLocator &inprogress false eBook Show Me How Calculator . 10 64 76 4,864 13 76 > 988 Nov. 15 39 79 3,081 13 76 39 79 3,081 Nov. 20 II IUBE 13 76 988 6 79 474 Nov. 24 Nov. 30 Nov. 30 Balances Feestar Check My Work Note that this exercise uses the perpetual inventory system. FIFO means that the first units purchased are assumed to be the first to be sold. Therefore, ending inventory is made up of the most recent purchases. Learning Objective 2. Learning Objective 3. 1). Based upon the preceding data, would you expect the inventory to be higher or lower using the last in, forst-out method? Previous Next Check My Work Save and Ex Email Instructor All work saved Sunt Assignment for Grading 11 ING O