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5. The beginning inventory of Caitlyn, Inc., purchases, and sales are shown on the following schedule sheet. The units are sold for S40 each. REQUIRED:

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5. The beginning inventory of Caitlyn, Inc., purchases, and sales are shown on the following schedule sheet. The units are sold for S40 each. REQUIRED: Date Units Cost Purch Unit $ Purch Cost COGS Units Sold Une Units in Cost Inventory Urvt 300 20.00 Total inventorys 6.000 1/1 1/10/X 500 21.00 10,500 300 20.00 500 21.00 6.000 10,500 1/28/xx 600 1/30/xx 150 22.00 3,300 Total 650 13,800 600 A. Compute inventory using LIFO periodic. B. Complete the above perpetual inventory record using FIFO perpetual inventory. C. Prepare an income statement using FIFO perpetual inventory

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