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Assume me perpetual inventory system is usea. Determine me costs assigned to ending inventory wnen the FIFO method. Perpetual FIFO: Soods purchased Date of Cost

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Assume me perpetual inventory system is usea. Determine me costs assigned to ending inventory wnen the FIFO method. Perpetual FIFO: Soods purchased Date of Cost per units Cost of Goods Sold #of sold Cost per Cost of Goods Sold Inventory Balance of units Cost per Inventory unit Balance Uni January 1 January 9 6 0 @ 2.40 240 @ 240 @ 60 @ $ 2.20 = $ 2.20 = $ 2.40 = January 25 100 @ $ 2.54 $ 528.00 $ 528.00 144.00 $ 672.00 $528.00 144.00 254.00 $ 926.00 240 @ 60 @ 100@ $ 2.20 = $ 2.40 = $ 2.54 = January 26 $ @ @ @ $ 220 = $ 2.40 = $ 254 = 0.00 0.00 0.00 Totals Assume me perpetual inventory system is usea. Determine me costs assigned to ending inventory wnen the FIFO method. Perpetual FIFO: Soods purchased Date of Cost per units Cost of Goods Sold #of sold Cost per Cost of Goods Sold Inventory Balance of units Cost per Inventory unit Balance Uni January 1 January 9 6 0 @ 2.40 240 @ 240 @ 60 @ $ 2.20 = $ 2.20 = $ 2.40 = January 25 100 @ $ 2.54 $ 528.00 $ 528.00 144.00 $ 672.00 $528.00 144.00 254.00 $ 926.00 240 @ 60 @ 100@ $ 2.20 = $ 2.40 = $ 2.54 = January 26 $ @ @ @ $ 220 = $ 2.40 = $ 254 = 0.00 0.00 0.00 Totals

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