4.

Perpetual Inventory Using tFFO Beginning itiventory, purchases, and saies data for portable game players are as follows: The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of merchandise sold for each saie and the inventory balance after each sale, presenting the data in the form illustrated in Exthibit, 4. Under, UFFO, if units are in inventory at two different costs, enter the units with the HiGHER unit cost first in the Cost of Merchanalise Sold Unit Cost column and LOW Winit met firet in the Inventory Unit Cost column. eBook Perpetual Inventory Account LIFO Method Portable Game Players