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. Ch 9 Problem Set A Problem 9-1 Fitzgibbons Company uses the perpetual inventory method....

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. Ch 9 Problem Set A Problem 9-1 Fitzgibbons Company uses the perpetual inventory method. Fitzgibbons began the month of March with 100 units of inventory, at a unit cost of $55. On March 5, Fitzgibbons purchased 60 units at $60 each. On March 12, tbex.seld 60 units On March 18, Fitzgibbons purchased 200 units at $65 each On March 25, Fitzgibbons sold 210 ynits, On March 29, Fitzgibbons purchased 40 units at $75 each. All units were sold to customer for $100 each. . 1. Use the following format to set up this inventory sosting problem, as shown in Video #2. Date Units Inventory Cost per Total Cost Unit Date Units Total Cost Beg Balance Units Cost Beginning Balance + Purchases Goods Available for Sale Sold Ending Balance 2. Use the FIFO cost assumption to calculate the cost of goods sold for each sale, the total cost of Boods sold for the month, and ending inventory, 3. Use the LIFO cost assumption to calculate the cost of goods sold for each sale, the total cost of goods sold for the month, and ending inventory

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