Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for DVD players are as follows: Inventory Date Nov. 1 Nov. 10 Nov. 15 November 1 10 15 Nov. 20 20 Nov. 24 Nov. 30 Sale 24 30 Purchase Sale Sale 45 units 160 units at $43 The business maintains a perpetual inventory system, costing by the first-in, first-out method. Purchase the data in the form illustrated a. Determine the cost of Foods sold for each sale and the inventory balance after each sale, pres 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. 120 units at $39 90 units 140 units at $40 Quantity Purchases Purchases Purchased Unit Cost Total Cost 110 units Cost of Goods Sold Schedule First-in, First-out Method DVD Players EE Cost of Cost of Quantity Goods Sold Goods Sold Inventory Inventory Inventory Sold Unit Cost Total Cost Quantity Unit Cost Total Cost 00 00 ?

Perpetual Inventory Using FIFO 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 Yoods sold for esch 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