Perpetual tnventory Using 11=0 Beginning inventory, purchsses, and sales data for ovo plavers are as...
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Perpetual tnventory Using 11=0 Beginning inventory, purchsses, and sales data for ovo plavers are as follows: The butiness maintains a perpetual inventory system, covsng by the last-in, first-out method. Determine the cost of merchandise sold for esch sale and the ioventory balance after each sale, presenting the data in the form illustrated in Exhoit 4 . Under LIFo, if units are in inventory at two different costs, enter the units wath the HiGHER unit cost first in the Cost of Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column. Determine the cont of merchandise sold for each sole and the inventory balance after each sale, presenting the data in the form litustrated in Exhibit 4. Under LFO, lf units are in inveotory at two dsferent costs, enter the units with the HitGrER unit cost frst in the Cost of Goods Sold Unit Cost column and LOWER unit cos first in the Inveritory Unit Cost column
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