Perpetual inventory using FIFO

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

Nov. $1$ Inventory $,57$ units at $$91$

$10$ Sale $39$ units

$15$ Purchase $31$ units at $$95$

$20$ Sale $27$ units

$24$ Sale $12$ units

$30$ Purchase $,23$ units at $$99$

The business maintains a perpetual inventory system, costing by the first$-$in$,$ first$-$out method. 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.

First$-$in$,$ First$-$out Method

DVD Players

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

$2$ more Check My Work uses remaining.