Question: Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as flows November 1 10 Inventory Sale 318 13 Purchase
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as flows November 1 10 Inventory Sale 318 13 Purchase 45 units at 193 20 Sale 24 Sale 30 Purchase 24 at $99 The business maintains a perpetual inventory system, costing by the last in first method Determine the cost of marchande sold for each sale and the inventory balance after each sale, presenting the data in the forme Under 30 units are in inventory at the efferent costs, enter the units with the HIGHER unit sast first in the Cast of Goods Sold Unit Cest odlumn and LOWER unit cost first in the Inventory Unit Costu Dale 30 Schedale of Cost of Goods Sold LIFO Method DVD Players Overty Purchased Phases Un Cest Purchases Total Ce Quantity Seld Cost of Goods Sad Unit Cast Cast of ads Sad talentry Quantity vertory Cry Total C New 30 Balances 33 744 1314 36 Y 3363
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