Question: Stannard PC Plus, Inc. repairs & sells new computers. The ending balance in the inventory account on September 30, 2012 was 9 units at

Stannard PC Plus, Inc. repairs & sells new computers. The ending balance

Stannard PC Plus, Inc. repairs & sells new computers. The ending balance in the inventory account on September 30, 2012 was 9 units at $260 per unit. The company uses a perpetual inventory system and has the during October 2012. following transactions Date Description Oct 4 Oct 11 Dates Oct 17 Oct 22 Oct 26 Oct 30 Sold Create a perpetual inventory record assuming FIFO inventory costing Oct 1 Oct 4 Oct 11 Oct 17 Oct 22 Oct Purchase 8 Sold 9 42 3 Purchase 18 53 Purchase Sold Quantity Quantity Cost Per $200 9 8 $275 $255 Purchases 260 Unit Cost 200 Total Cost Quantity 2340 1600 Cost of Goods Sold Unit Cost 9 260 Inventory on Hand Unit Cost Total Cost Quantity Total Ce

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