Perpetual Inventory Using FIFO

Beginning inventory, purchases, and sales data for DVD players are as follows:

November 1

Inventory

10

Sale

15

Purchase

20

Sale

24

Sale

69 units at $66

58 units

40 units at $69

17 units

15 units

30

Purchase

28 units at $73

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.

please answer all

Peserventory Using tegning investor. Durchases and data for DVD players was follows November Theory 69 unit 66 10 units 15 Parchase 40 unitats 20 Sale 17 nits 24 Se 1 unit 30 Purchase 20 rit 75 The business maintain perry wing the first in the Om the cost of the good for each send the entor balance sheeching has the fourted. Under te weiterer the Low unico first in the food sdn Contoh and in the inventory Unit Column Cost of the Good Son Schedule Fint outhod DVD Players Costo Cost Quantity Purchase Purchases quantity Goods sold Goods Sold Inventory Inventory story Date Purchased toit Cost Total Sold Unit Cost Total cost Quantity Unit Cost Total NO 4.14 No. 10 236 nov 15 44 2.758 11 00101 118 24 Now 50