Question: 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

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 5103 20 Sale 26 units 24 Sale 14 units 30 Purchase 25 units @ $ 109 b. Based upon the preceding data, would you expect the inventory to be higher or lower using the last-in, first-out method? Purch. Total Cost Qty Sold Sales Unit Cost Sales Total Cost Inv. Qty. Inv. Unit Cost Inv Total Cost 9 Date Qty Purchased Purch. Unit Cost 10 1.Apr 11 12 10-Apr 13 14 15 16 15-Apr 17 18 19 20 20-Apr 21 22 23 24 24-Apr 25 26 27 28 30-Apr 29 30 31 32 33 30-Apr Balances 34 35 36 37

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