Perpetual Inventory Using FIFO

Beginning inventory, purchase and sales data for portable DVD player

April 1 Inventory 75 units @$99

10 Sale 58 units

15 Purchase 43 units @ $103

20 Sale 26 units

24 Sale 14 units

30 Purchase 25 units @ $ 109

Please answer in this form

Qty Purchased | Purch. Unit Cost | Purch. Total Cost | Qty Sold | Sales Unit Cost | Sales Total Cost | Inv. Qty. | Inv. Unit Cost | Inv Total Cost

b. Based upon the preceding data, would you expect the inventory to be higher or lower using the last-in, first-out method?

Cost of the Merchandise Sold Schedule First-in, First-out Method Portable DVD Players Sales Unit Cost Sales Total Cost Inv. Qty. Inv. Unit Cost In Total Cost Date Qty Purchased Purch. Unit Cost Purch. Total Cost Qty Sold 1-Apr $99 $7,425 75 10-Apr 58 15-Apr 43 $103 $4,429 20-Apr mo 8 30-Apr $109 $2,725 33 30-Apr Balances