Perpetual inventory using FIFO Beginning inventory, purchases, and sales data for DVD players are as follows: 51 units at $68 34 units 25 units at $71 Nov. 1 Inventory 10 Sale 15 Purchase 20 Sale 24 Sale 30 Purchase The business maintains a perpetual inventory system, costing by the first-in, first-out method. Date Nov. 1 Nov. 10 Nov. 15 26 units 12 units a. Determine the cost of 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. Nov. 20 33 units at $74 First-in, Firout Method DVD Players Cost of Cost of Quantity Purchases Purchases Quantity Goods Sold Goods Sold Inventory Inventory Inventory Purchased Unit Cost Total Cost Sold Unit Cost Total Cost Quantity Unit Cost Total Cost 200 Previous Next >

Nerpetual inventory using naro \begin{tabular}{|c|c|} \hline Now 1 inventary & 51 units at 568 \\ \hline 10Sal & 34 unte \\ \hline 15. Purchast: & 20 unts of \$n \\ \hline 20 Sale & 26 undo \\ \hline & II units \\ \hline 30 Purituse & 33 unts at 574 \\ \hline \end{tabular} Finst in, Fichout Method ovo players Cent of cent in Quantity Furchases Purchases Quantity Coods Sold Coods Sold Inventery inventary Inventory Purchased Unit cost Total Cost Sold Unit Cost Tetal Cont Quastify Unit Cost Total Cont beris new.10 Nonsts