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A.Purcheses B.Cost of Goods sold C. Inventory Thank you so much 4) Beginning Inventory, purchases, and sales data for sunglasses are as follows: + Sales

A.Purcheses
B.Cost of Goods sold
C. Inventory
Thank you so much image text in transcribed
image text in transcribed
4) Beginning Inventory, purchases, and sales data for sunglasses are as follows: + Sales Inventory May 1 850 units Purchases May 8 320 units @ $122.00 $115.00 May 19 98 units @ $130.00 May 10 620 units May 15 410 units May 30 168 units Assuming that a perpetual inventory system is used, costing by the FIFO method, determine the cost of goods sold for each sale and inventory balance after each sale, presenting the data in the working papers provided. B D F G H 1 M Purchases Unit Cost Total Cost Date Qty Cost of Goods Sold Qty Unit Cost Total Cost Inventory Unit Cost Total Cost Qty 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Total

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