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(13) Formulas Data Review View Help The company uses a perpetual inventory system Use the FIFORLIFO inventory grids by clicking on the GRIDS tab below

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(13) Formulas Data Review View Help The company uses a perpetual inventory system Use the FIFORLIFO inventory grids by clicking on the GRIDS tab below ench each June 1 Balance 4 Purchased 6 Sold 8 Purchased 14 Sold 19 Purchased 22 Sold 28 Purchased 30 Sold 20 units 10 units 15 units 20 units 10 units 20 units 30 units 13 units 11 units cost cost for cost for cost for cost for 527 $28 543 $29 43 $30 $13 531 14 cach each each Determine the inventory balance at June 30 using the FIFO method of inventory valuation Enter the number of units AND the dollar amount 19720 198 199 200 201 202 201 21 204 X 205 Number of units Dollar amount Present the journal entries for the sale on account) on June 14 under the FIFO method Date Account Debit Credit 207 200 ASUS

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