Question: Obj. 2 , 3 Beginning inventory, purchases, and sales data for DVD players are as follows: Nov. 1 Inventory 1 4 0 units at $

Obj. 2,3 Beginning inventory, purchases, and sales data for DVD players are as follows: Nov.1Inventory 140 units at $2910Sale 110 units 15Purchase 150 units at $3020Sale 120 units 24Sale 35 units 30Purchase 140 units at $34 The business maintains a perpetual inventory system, costing by the first-in, first-out method. EX 6-4 Perpetual inventory using LIFO 485 Assume that the business in Exercise 6-3 maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4.
 Obj. 2,3 Beginning inventory, purchases, and sales data for DVD players

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