Apr. 1 Inventory 75 units @ $68

10 Sale 54 units

15 Purchase 34 units @ $71

20 Sale 27 units

24 Sale 22 units

30 Purchase 25 units @ $75

Determine the cost of the merchandise sold for each sale and the inventory balance after each sale.

FIFO

Quantity Purchased, Purchases Unit Cost, Purchases Total Cost, Quantity Cost of Merchandise Sold, Cost of Merchandise Sold, Unit Cost, Cost of Merchandise Sold Total Cost, Inventory Quantity, Inventory Unit Cost, Inventory Total Cost