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Beginning inventory, purchases, and sales data for portable DVD players are as follows: Apr. 1 Inventory 10 Sale 15 Purchase 20 Sale 24 Sale 30
Beginning inventory, purchases, and sales data for portable DVD players are as follows: Apr. 1 Inventory 10 Sale 15 Purchase 20 Sale 24 Sale 30 Purchase 69 units $51 50 units 83 units o $54 46 units 13 units 38 units $56 The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of merchandise sold for each sale and the inventory balance after each sale, presenting the data in the forp luatrated in Exnibt 4 Under LIFO, if units are in inventory at two different costs, enter the units with the H at two daiferent costs, enter the units with the KIGHER unit cost frt in the Cost of Merchandse Sold unt Cost olume and LOWER u cost first in the Inventory Unit Cost column. Schedule of Cost of Merchandise Sold LIFO Method Portable Game Players Cost of Merchandise Sold Total Cost Inventony Unit Cost Inventory Cost of Merchandise Sold Unit Cost Total Cost Purchases Unit Cost Purchases Total Cost Quantity Sold Date Purchased
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