some answers may be wrong !!!

colum Jan 1 Apr 19 June 30 Sept. 2 Date Nov 15 Dec. 31 Balances Quantity 6,000 1,000 Purchases Unit Cost 25 Total Cost 144,000 25,000 Schedule of Cost of Herchandise Seld FIFO Method Cost of Merchandise Sold Unit Cost Quantity 2,500 4,500 M 20 2,320 Total Cost 50,000 104,400 Quantity 4,000 1,500 7,500 3,000 4,000 Inventary Unit Cast 20 20 33.20 23.20 23.65 Total Co 80,000 30,000 174,000 69,600 94,500 Final Exam v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker tak Perpetual Inventory Using FIFO The following units of a particular item were available for sale during the calendar year: Jan. 1 Inventory 4,000 units at $20 Apr. 19 2,500 units June 30 6,000 units at $24 Sept. 2 4,500 units Nov. 15 1,000 units at $25 Sale Purchase Sale Purchase The firm maintains a perpetual inventory system. Determine the cost of merchandise s illustrated in Exhibit 3. Under FIFO, if units are in inventory at two different costs, ente column. purchases. Schec