Question: Please put numbers in boxes Perpetual inventory using FIFO Beginning inventory, purchases, and sales data for DVD players are as follows: Nov. 1 Inventory 62

Please put numbers in boxes

Please put numbers in boxes Perpetual inventory using FIFO Beginning inventory, purchases,

Perpetual inventory using FIFO Beginning inventory, purchases, and sales data for DVD players are as follows: Nov. 1 Inventory 62 units at $51 10 Sale 41 units 15 Purchase 31 units at $54 20 Sale 26 units 24 Sale 20 units 30 Purchase 21 units at $57 The business maintains a perpetual inventory system, costing by the first-in, first-out method. a. Determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form ill Unit Cost column. First-in, First-out Method DVD Players Cost of Cost of Quantity Purchases Purchases Quantity Goods Sold Goods Sold Inventory Inventory Inventory Date Purchased Unit Cost Total Cost Sold Unit Cost Total Cost Quantity Unit Cost Total Cost Nov. 1 Nov. 10 Nov. 15 Nov. 20 Nov. 24 Nov. 30 Nov. 30 Balances Based upon the preceding data, would you expect the inventory to be higher or lower using the last-in, first-out method

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