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a. Under FIFO, If units are in Inventory at two different costs, enter the units with the LOWER unit cost first in the cost of
a. Under FIFO, If units are in Inventory at two different costs, enter the units with the LOWER unit cost first in the cost of Merchandise Sold Unit Cost column and in th Inventory Unit Cost column Cost of the Merchandise Sold Schedule First-in, First-out Method Portable DVD Players Quantity Purchases Purchases Quantity Cost of Cost of Date Cost of Inventory Purchased Merchandise Merchandise Unit Cost Inventory Total Cost Inventory Merchandise Sold Sold Quantity Unit Cost Total Cost Total Cost Sold Unit Cost Apr 1 1 50 67 1150 Apr 10 39 2.613 11 67 Apr. 15 1.490 777 67 737 27 70 11 6 22 70 1. Apr 20 II0 II. 9 Apr. Apr 30 29 14 2.146 III ILIQ Apr 30 Balances 0 a. Under FIFO, If units are in Inventory at two different costs, enter the units with the LOWER unit cost first in the cost of Merchandise Sold Unit Cost column and in th Inventory Unit Cost column Cost of the Merchandise Sold Schedule First-in, First-out Method Portable DVD Players Quantity Purchases Purchases Quantity Cost of Cost of Date Cost of Inventory Purchased Merchandise Merchandise Unit Cost Inventory Total Cost Inventory Merchandise Sold Sold Quantity Unit Cost Total Cost Total Cost Sold Unit Cost Apr 1 1 50 67 1150 Apr 10 39 2.613 11 67 Apr. 15 1.490 777 67 737 27 70 11 6 22 70 1. Apr 20 II0 II. 9 Apr. Apr 30 29 14 2.146 III ILIQ Apr 30 Balances 0
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