Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 50 units at $66 10 15 20 Date Nov. 1 Nov. 10 Nov. 15 24 30 Inventory Sale Purchase Sale Sale Purchase 41 units 26 units at $69 Quantity Purchases Purchases Purchased Unit Cost Total Cost 18 units 27 units at $73 The business maintains a perpetual inventory system, costing by the first-in, first-out method. 7 units 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 F 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 colum Cost of the Goods Sold Schedule First-in, First-out Method DVD Players Cost of Cost of Quantity Goods Sold Goods Sold Inventory Inventory Inventory Sold Total Cost Quantity Unit Cost Total Cost Unit Cost

Perpetual Inventory Using HFO Beginning inventory, purchases, and sales data for DVD players are as follows: 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 . Undes 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 Irventory Unit Cost colum 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. Und 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 col b. Based upon the preceding data, would you expect the inventory to be higher or lower using the last-in, lirst-out method