Question: Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 76 units @ $60 10
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 76 units @ $60 10 Sale 59 units 15 Purchase 100 units @ $63 20 Sale 55 units 24 Sale 14 units 30 Purchase 40 units @ $66 The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form

Perpetual Inventory Using LFF Beginning inventory, purchases, and sales data for portable game players are as follows: Apr.11015202430InventorySalePurchaseSaleSalePurchase76units@$6059units100units@$6355units14units40units@$66 The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of merchandise sold for each sale and the inventory balance after Perpetual Inventory Account purchases. Think of your inventory in terms of "layers." In other words, how many units remained after the Apr. 6 sale
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