solve using fifo

Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 80 units @ $76 10 Sale 58 units 37 units @ $79 27 units 22 units Date Apr. 1 Apr. 10 Apr. 15 15 Purchase 30 units @ $82 The business maintains a perpetual inventory system, costing by the first-in, first-out method. Apr. 20 20 24 Apr. 24 Apr, 30 a. Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3. U different costs, enter the units with the LOWER unit cost first in the Cost of Merchandise Sold Unit Cost column and in the Inventory Unit Cost column. 30 Purchase Sale Sale Quantity Purchased Apr. 30 Balances Purchases Purchases Unit Total Cost Cost Perpetual Inventory Account First-in, First-out Method Portable Game Players Quantity Cost of Merchandise Sold Cost of Cost of Merchandise Merchandise Sold Sold Unit Cost Total Cost 8 Inventory Quantity 000 Inventory Inventory Unit Total Cost Cost 0