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perpeutal inventory using fifo... please help

Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable DVD players are as follows: Apr. 1 Inventory v le Sale 80 units @ $64 58 units 37 units @ $68 Purchase Sale 29 units Sale 14 units Purchase 26 units @ $71 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, presenting the data in the form illustrated in Exhibit 3. a. 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 column and in the Inventory Unit Cost column. Cost of the Merchandise Sold Schedule First-in, First-out Method Portable DVD Players Quantity Cost of Cost of Cost of Merchandise Merchandise Inventory Inventor Date Purchased Purchases Purchases Merchandise Sold Unit Sold Total Quantity Unit Cos sed Unit Cost Total Cost Sold Cost Cost Apr. Previous Next mare Check My Work uses remaining. a. Under FIFO, units are in inventory at two different costs, enter the units with the LOWER unit cost first in the cost of Merchandise Sold Unt Cost column and in the inventory Unt Cost column. Cost of the Merchandise Sold Schedule First-in. First-out Method Portable DVD Players Quantity Purchases Unit Purchases Total Quantity Cost of Cost of Merchandise Sol Cost of Merchandise Sold Date Inventory Inventory Unit Purchased Merchandise Sold Unit Cost Total Cost outl 000 Mobil 100 of Balances out the b. Based upon the preceding data, would you expect the inventory to be Ngher or lower using the last

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