Poste Word File Edit View Insert Format Tools Table Window Help Calibri (Bo... v 11 A A Aa Po BIU ab x ADV A v Chapter 6 Perpetual STUDENT (14ed) (1) - Compatibility Mode Wed Mar 9 4:44 PM AaBbCcUdin Normal AaBbCcDdE: AaBbCcD AaBbCcDdE AaBb AaBbCcDeLe > No Spacing Heading Heading 2 Title Subtitle Styles Pare Dictate Editor Perpetual Inventory(FIFO) The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31 are as follows: Date Transaction Number of Units Per Unit Total Jan. 1 Inventory 10 Purchase 28 Sale 30 Sale Feb. 5 Sale 7,500 $ 75.00 $ 562,500 22,500 85.00 1,912,500 11,250 150.00 1,687,500 3,750 150.00 562,500 1.500 150.00 225.000 10 Purchase 54,000 87.50 4,725,000 16 Sale 27,000 160.00 4,320,000 28 Sale 25,500 160.00 1,080,000 Mar. 5 Purchase 45,000 89.50 4,027,500 14 Sale 30,000 160.00 4,800,000 25 Purchase 7,500 90.00 675,000 30 Sale Beg. Inventory 26,250 160.00 4,200,000 $ Not Purchases GAFS End Inventory COGS Net Sales COGS Gross Profit Page 1 of 4 506 words Qx English (United States) Accessibility: Investigate Focus 104%