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all questions please Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for item Zeta9 are as follows: Oct. 1 Inventory 73 units $19 7
all questions please
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for item Zeta9 are as follows: Oct. 1 Inventory 73 units $19 7 Sale 47 units 15 Purchase 54 units $22 24 Sale 33 units Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of goods sold on October 24 and (b) the Inventory on October 31. Cost of goods sold on October 24 b. Inventory on October 31 Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item 88-HX are as follows: Oct. 1 Inventory 90 units $28 8 Sale 72 units 15 Purchase 100 units $32 27 Sale 84 units Assuming a perpetual inventory system and using the last in, first-out (LIFO) method, determine (a) the cost of goods sold on Oct. 27 and (b) the inventory on Oct. 31. a. Cost of goods sold on Oct. 27 b. Inventory on Oct. 31 Step by Step Solution
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