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Homework: Chapter 6 Assignment Beer 40 CP6-39 (similar to) ARE WWS ON 2018, TT Grey Cherry www Hand be Con Requirement 1. Assume Tree Top Company began February with 40 T-shirts in inventory that cost $13 each. Prepare the perpetual invente Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. We will complete the sched burchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers first.) Purchases Inventory on Hand Cost of Goods Sold Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quant Cost Cost Feb. 1 2 5 8 tory records for February using the FIFO inventory costing method. edule for the first five dates in this step, the next five dates in the following step, and so on. Once all of the transa More Info Feb. 2 Sold 20 T-shirts at $15 each. 5 Purchased 80 T-shirts at $15 each. 7 Sold 35 T-shirts for $15 each. 8 Sold 30 T-shirts for $15 each. 10 Tree Top Company realized the inventory was running low, so it placed a rush order and purchased 55 T-shirts. The premium cost for these shirts was $16 each. 12 Placed a second rush order and purchased 80 T-shirts at $16 each. 13 Sold 55 T-shirts for $15 each. 15 Purchased 80 T-shirts for $15 each. 20 In order to avoid future rush orders, purchased 140 T-shirts. Due to the volume of the order, Tree Top Company was able to negotiate a cost of $13 each 21 Sold 80 T-shirts for $15 each 22 Sold 80 T-shirts for $15 each. 24 Sold 10 T-shirts for $15 each. 25 Sold 70 T-shirts for $15 each 27 Sold 30 T-shirts for $15 each. Print Dono Done Clear A P Julo perpetual inventory records for February using the FIFO Inventory costing method. each transaction. We will complete the schedule for the first five dates in this step, the next five dates in the following step, and so on. Once all of the transactions hav Inventory on Hand Total Unit Cost Cost * Requirements 1. Assume Tree Top Company began February with 40 T-shirts in inventory that cost $13 each. Prepare the perpetual inventory records for February using the FIFO inventory costing method. 2. Provide a summary for the month, in both units and dollars, of the change in inventory in the following format: Number of T-shirts Dollar Amount Beginning Balance Add: Purchases Less: Cost of Goods Sold Ending Balance Print Done ALE HW Screw of Homework: Chapter 6 Assignment CP-39 similar to

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