Can Anyone Help me with this. Thank You Expert!!! Perpetual Inventory...
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Can Anyone Help me with this. Thank You Expert!!!
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 10 Sale 15 Purchase 20 Sale 24 Sale 30 Purchase 68 units $70 51 units 86 units $73 49 units 13 units 5 units $76 The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of merchandise sold for each sale and the inventory balance atter each sale, presenting the data in the form illustrated in Exhibit . under LIFO if units are rinventory at two different costs, enter the units with the HIGHER unit cost first in th Cast af Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory unit Cost column. Schedule of Cost of Merchandise Sold LIFO Method Portable Game Date Apr. 1 Apr 10 Apr. 15 Quantity Purchased Purchases Unit Cost Purchases Total Cost Quantity Sold Cost of Merchandise Sold Unit Cost Cost of Merchandise Sold Total Cost Inventory Quantity Inventory Unit Cost Inventory Total Cost Apr. 20 Apr 24 Apr. 30 Apr30 Balance
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