Perpetual Inventory Using FIFO

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

NEED HELP please explain hwo to gwt the ones with X s as well I dont underatand that

November 1nventory 67 units at $75 10 Sale 53 units 15 Purchase 35 units at $80 20 Sale 21 units 24 Sale 14 units 30 Purchase 27 units at $83 The business maintains a perpetual inventory system.costing by the first in, first-out method .. Determine the cost of the goods sold for each sale and the inventory balance after each sale, presenting the data in the form ustrated in Exhibit 3. Under FIFO, it 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 Cart column. Cost of the Goods Sold Schedule First-in, First-out Method DVD Players Cost of Cost of Quantity Purchases Purchases Quantity Goods Sold Goods Sold Inventory Inventory Inventory Date Purchased Unit Cost Total Cost Sold Unit Cost Total Cost Quantity Unit Cost Total Cost Nov. 1 67 75 Nov. 10 33 79 3.97 14 79 1,050 Nov. 15 35 RO 2.00 14 1,25 38 0 2.300 Nov. 20 1.00 X x 14 3 X 130 il 0 all lll. Nov. 24 Nov. 30 27 2.241 Nov. 30 Balances November 1 Inventory 67 units at $75 10 Sale 53 units 15 Purchase 35 units at $80 20 Sale 21 units 24 Sale 14 units 30 Purchase 27 units at $83 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, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in Cost of the Goods Sold Schedule First-in, First-out Method DVD Players Cost of the Goods Sold Schedule First-in, First-out Method DVD Players Quantity Purchases Purchases Purchased Unit Cost Total Cost Cost of Cost of Quantity Goods Sold Goods Sold Inventory Inventory Inventory Sold Unit Cost Total Cost Quantity Unit Cost Total Cost Date Nov. 1 67 75 5,025 53 Nov. 10 75 3.975 14 75 1.050 35 Nov. 15 30 2.800 14 75 1,050 35 2.800 141 75 1,050 0 X 80 0 x Nov. 20 o X Olx 0 x 14 Nov. 24 Nov. 30 100 27 83 100 Nov. 30 Balances