Question: Please only answer with numbers correlating to the question and please show calculations so I can learn how to do it on my own. Im
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows November 1 Inventory 10 Sale 15 Purchase 20 Sale 24 Sale 30 Purchase 35 units at $99 28 units 46 units at $105 25 units 8 units 20 units at 109 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 illustrated in Exhibit 4 Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column. Schedule of Cost of Goods Sold LIFO Method DVD Purchases UnitPurchases Total Cost of Goods Sold Unit Cost Cost of Goods Sold Total Cost Date Purchased Inventory Inventory Unit Inventory Tota Quantity Sold Cost Nov. 1 3,465 | Nov 10 Now. 15 28 V 2,72 93 4,830 693
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