assignment-takeBuinprogresm ow.com/lin/takeAssignment/takeAssignmentMain.dotinvo
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assignment-takeBuinprogresm ow.com/lin/takeAssignment/takeAssignmentMain.dotinvoker-assignments& erpetual Inventery Using eginning inventory, purchases, and sales data for DVD players are as follows November 1 Inventory 120 uhits at $39 10 Sale 15 Purchase 20 Sale 24 Sale 30 Purchase 120 units The business maintaina a perpetual inventory system, casting by the last-in, irst-out method Determine the cost of goods sold for ewch sale and the inventory balance after each sale ater each sale presenting she date in the form austrated in Exchibe 4. Under LIFO, f units are in m unit cost frst in the Cost of Geeds Sold Unt Cost colue and LOWER unit cest first in the Inventory Unit Cost colmn Schedule of Cont of Goods Sald LIFO Method with the Ht Total Cest ventory Quanbty Inventory Purchases Unit Cout Pechases Total Cost Qnty Sold Cost ef Gesds old Unit Cost Coat ofExplanation / Answer
Date Quantity Purchased Purchase unit cost Purchase Total cost Quantity Sold Cost of goods sold unit cost Cost of goods sold unit cost Inventory Quantity Inventory Unit cost Total Inventory 1 nov 120 39 4,680 120 39 4,680 10 nov 90 39 3,510 30 39 1,170 15 nov 140 40 5,600 30 39 1,170 140 40 5,600 20 nov 110 40 4,400 30 39 1,170 30 40 1,200 24 nov 30 40 1,200 15 39 585 15 39 585 30 nov 160 43 6,880 15 39 585 160 43 6,880
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