. Prepare a perpetual inventory record, using the LIFO inventory costing method

Gross profit is

using the LIFO inventory costing method

Fit World began May with merchandise inventory of 76 crates of vitamins that cost a total of $4,560. During the month, Fit World purchased and sold merchandise on account as follows: (Click the icon to view the transactions.) Read the requirements. uruer, calculating new memory on hand paiances aner eati uransaction. Once all of me transactions have been emereu To me perpetual record, calculate me quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enter the oldest Purchases Cost of Goods Sold Inventory on Hand Data Table Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost May 1 May 5 Purchase 140 crates @ $87 each 51 May 13 Sale 160 crates @ $114 ead May 18 Purchase 154 crates @ $91 each 13 May 26 Sale 200 crates @ $116 ead 181 Print Done 26 Totals