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7- Chapter 7 - ACCTX CengageNOWV21 Online tesc X Cengage Learning signmentassignment Main.dowoker StakesognmentSessionLocator Binprogress false ET Book Show Me How Perpetual Inventory Using UFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr.1 Inventory 120 units at 526 10 Sale 90 units 15 Purchase 140 units at $28 20 Sale 110 units 24 Sale 40 units 30 Purchase 160 units at $30 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 after each sale, presenting the data in the form illustrated in Exhibit 4. Under UFO, IF units are in inventory of two different costs, enter the units with the HIGHER unit cost first in the cost of 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 Players Quantity Purchases Purchases Quantity Cost of Merchandise Cost of Merchandise Inventory Inventory Inventory Date Purchased Unit Cost Total Cost Sold Sold Unit Cost Sold Total Cost Quantity Unit Cost Total Cost 120 25 3120 1 Apro 90 26 2.300 26 X 26 476 X 10 3.820 26 x 26 676 x 140 26 X SHOX 118 27 3880 App 20 26 X Previous Next Check My Womore Che My Weremang 7- Chapter 7 - ACCTX CengageNOWV21 Online tesc X Cengage Learning signmentassignment Main.dowoker StakesognmentSessionLocator Binprogress false ET Book Show Me How Perpetual Inventory Using UFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr.1 Inventory 120 units at 526 10 Sale 90 units 15 Purchase 140 units at $28 20 Sale 110 units 24 Sale 40 units 30 Purchase 160 units at $30 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 after each sale, presenting the data in the form illustrated in Exhibit 4. Under UFO, IF units are in inventory of two different costs, enter the units with the HIGHER unit cost first in the cost of 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 Players Quantity Purchases Purchases Quantity Cost of Merchandise Cost of Merchandise Inventory Inventory Inventory Date Purchased Unit Cost Total Cost Sold Sold Unit Cost Sold Total Cost Quantity Unit Cost Total Cost 120 25 3120 1 Apro 90 26 2.300 26 X 26 476 X 10 3.820 26 x 26 676 x 140 26 X SHOX 118 27 3880 App 20 26 X Previous Next Check My Womore Che My Weremang

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