Question: please help me with this account question heres the numbers Perpetual Inventory Account First-in, First out Method Portable Game plavers b. Based upon the preceding
Perpetual Inventory Account First-in, First out Method Portable Game plavers b. Based upon the preceding data, would you expect the ending inventory to be higher or lower using the last-in, first-out method? Perpetual Inventory Using FIFo Beginning inventory, purchases, and sales data for portable game plavers are as follows: The business maintains a perpetual inventory system, costing by the first-in, first-out method. a. Determine the cost of the merchandise sold for each sate and the inventory balance after each sale, presentino the data in the form illustrated in Exhibit 3, Under FIFO, If units are in inventery at two different costs, enter the units with the LowER unit cost first in the Cost of Merchandise Sold Unit cost column and in the Inventory Unit cost column. Perpetual Inventory Account First-in, First out Method Portable Game plavers b. Based upon the preceding data, would you expect the ending inventory to be higher or lower using the last-in, first-out method
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