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Apr 3 Inventory 15 units @ $30 11 Purchase 12 units @ $27 14 Sale 18 units $ 75 21 Purchase 7 units @ $25

Apr 3

Inventory

15 units

@

$30

11

Purchase

12 units

@

$27

14

Sale

18 units

$ 75

21

Purchase

7 units

@

$25

25

Sale

10 units

$ 80

Beginning inventory, purchases and sales data for widgets are as follows:

Complete the inventory cost card assuming the business maintains a perpetualinventory system and calculates the cost of merchandise sold and ending inventoryusing LIFO and journalize the following transactions April 11 and April 25th.

Journalize Transaction for April 25

Note: you can create a Journal template by using Table Tab ( 4 x 4)

Date Description Debit Credit
Date Description Debit Credit

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