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3145 PM cengageBrain My Home x CengageNowv2 online tea C D v2cengagenow comilmtakeAssignmenttakeA Perpetual Inventory using FIFO Beginning inventory purchases and sales data for portable

3145 PM cengageBrain My Home x CengageNowv2 online tea C D v2.cengagenow com/ilm/takeAssignment/takeA Perpetual Inventory using FIFO Beginning inventory, purchases, and sales data for portable DVD players are as follows: 240 units at $78 its at $80 320 units at $86 The business maintains a perpetual inventory system, costing by the first-in, first-out method. Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, bresenting the data in the form illustrated in Exhibit 4. Under FIFo, if units are in inventory at two different costs, enter the units with the LowER unit cost first in the cost of Merchandise sold unit cost and in column the Inventory Unit Cost column. Cost of the Merchandise Sold schedule First-in, First-out Method Portable DVD Players Quantity purchases Purchases Quantity Merchandise Merchandise Inventory Inventory Inventory Sold Sold Unit sold Total Quantity Unit Cost Total Cost 240 S78 180 v 10 15 Check Work Previous Next Email instructor Save and Exit Submit Assignment for Grading signment score: 58.63%

 

Mar 19 2020 View more View Less

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