Summer BBQ uses a perpetual inventory system to record inventory. All purchases and sales of merchandise inventory were on account. Company records indicate the following data for the month of June 30, 2024:

Requirements 

1. Prepare Summer BBQ’s perpetual inventory record assuming the company uses the FIFO inventory costing method.
2. Journalize the transactions for the month of June 2024.

Transcribed Image Text:

Date June 1 5 13 23 30 Item Beginning merchandise inventory Purchase Sale Purchase Sale Quantity Unit Cost Unit Sale Price 6 8 10 14 6 $32 36 42 $98 98