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Beginning inventory, purchases, and sales data for widgets are as follows: Apr. 3 11 Inventory Purchase 15 units @ $30 14 Sale 12 units
Beginning inventory, purchases, and sales data for widgets are as follows: Apr. 3 11 Inventory Purchase 15 units @ $30 14 Sale 12 units 18 units $27 21 25 Purchase Sale 7 units $25 10 units Complete the subsidiary inventory ledger assuming the business maintains a perpetual inventory system and computes the cost of merchandise sold and ending inventory using LIFO. Purchases Cost of Merchandise Sold Inventory Date Qty Unit Cost Total Cost Qty Unit Cost Total Cost Qty Unit Cost Total Cost Apr. 3 11 14 21 25 B HT Total cost of merchandise sold Ending inventory value All work saved
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