Assume that Whitewall Tire store completed the following perpetual inventory transactions for a line of tires: Begin by computing the cost of goods sold and the cost of ending merchandise inventory using the LIFO inventory costing method. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period.

More Info Jul. 1 Beginning merchandise inventory 11 Purchase 23 Sale 26 Purchase 29 Sale 28 tires @ $ 7 tires @ $ 14 tires @ $ 21 tires @ $ 25 tires @ S 70 each 80 each 86 each 82 each 86 each Print Done K CHECK ANSWEI. Clear All w x1 m