Question: please help! will give a Perpetual Inventory Using UFO The following units of a particular item were available for sale during the calendar year Jan.

please help! will give a
please help! will give a Perpetual Inventory Using UFO The following units
of a particular item were available for sale during the calendar year
Jan. 1 Inventory 4,000 units at $20 Apr. 19 Sale June 30

Perpetual Inventory Using UFO The following units of a particular item were available for sale during the calendar year Jan. 1 Inventory 4,000 units at $20 Apr. 19 Sale June 30 Purchase 2,500 units 6,000 units at $24 4,500 units 1,000 units at $25 Sept. 2 Sale Nov. 15 Purchase The firm maintains a perpetual inventory system. Determine the cost of merchandise sold for each sale and the inventory balance after each sale, assuming the last in, first-out method. Present the data in the form illustrated in Exhibit 4. Under LIFO, if units are in inventory at two or more different costs, enter the units with the LOWER unit cost first in the Inventory Unit Cost column Schedule of Cost of Merchandise Sold LIFO Method Cost of Merchandise Sold Quantity Unit Cost Total Cost Purchases Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cast Jan. 1 Apr 19 Pune 30 Sept. 2 Nov. 15 [Dec 31 Balances Schedule of Cost of Merchandise Sold LIFO Method Cost of Merchandise Sold Purchases Inventory uantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost - - I Ees

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