A Perpetual retary ng PO The following units of a particularem were available for sale during the calendar year Jan 1 Inventory 4,000 units at $20 Sale 2,500 units June 30 Purchase 6,000 units at 24 Sept. 2 Sale 4,500 units Nov 15 Purchase 1.000 units at $25 The firm maintains a perpetual inventory system. Determine the cost of merchandise sold for each sale and the entory balance after each sale, assuming the first in, first-out method. Present the data in the form illustrated in Exhibit. Under ro, if units are in inventory at the aferent costs, enter the units with the LOWER unit cost first in the cost of Merchandise Seld Unit Cost column and in the Inventory unit Cost column Schedule of Cost of Merchandise Sold FIFO Method Purchases Cost of Merchandise Sold Inventor Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Jan 1 Ant. 19 June 30 Sept. 2 horse 6.000 a $24 Sale 4.500 Purchase 1,000 units at $25 in perpetual inventory system. Determine the cost of merchandised for each sale and the inventory balance after each sa assuming the first Present the data in the form strated in Eshibit . under FIFO, irunits are in Inventory at two different costs, enter the units with the LOWER un cost of Merchandise Soldt Cost column and in the inventory Unit Cost column Schedule of Cost of Merchandise Sold FIFO Method Purchases Cost of Merchandise Sold Inventory Quantity Unit Cout Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Co I WILONI