Beginning inventory, purchases and sales data for DVD players are as follows: November 1, inventory 74 units at $49 , November 10 sale 53 units, November 15 purchase 35 units at $51, November 20 sale 30 units, November 24 sale, 20 units , November 30 purchase 21 units at $54. Buisness maintains a perpetual inventory system costing by FIFO.

A. Determine the cost of goods sold for each sale and the inventory balance after each sale, presenting data. Under fifo if units are in inventory at two different costs enter the units with the LOWER unit cost first in the cost of goods sold unit cost column and in the inventory unit cost column.

com: Bagi DAmazon.com: The M Beginning inventory, purchases, and sales data for DVD players are as follows Inventory 74 units at $49 53 units 35 units at $51 30 units 20 units 21 units at $54 November 1 10 Sale 15 Purchase 20 Sale 24 Sale 30 Purchase a. Determine the cost of the goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3, Under FIFO, if units are in inventory a the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column. Cost of the Goods Sold Schedule First-in, First-out Method OVD Players Total Nov. 10 Nov. 15 Now. 20 Check My Work