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Blue Limited uses the FIFO cost formula in a perpetual inventory system. Fill in the missing amounts for items [1] to [18] in the following
Blue Limited uses the FIFO cost formula in a perpetual inventory system. Fill in the missing amounts for items [1] to [18] in the following perpetual inventory schedule:
Purchases Cost o Date Units Cost Total Units Cost Apr. 1 6 34 [1] $ 19 $646 9 17 [7] $ 8 [8] $ 14 [13] 12 $12 $144 Cost of Goods Sold Bala hits Cost Total Units Cos 17 [2] 17 [3] $ [4] 34 [5] $ 17 [7] $ 22 8 [8] $ 38 [9] $ [10] 34 [11] $ [14] 34 [15] $ [16] 12 [17] $ Balance Total Units Cost Total 17. $22 $374 [2] 17 [3] $ 22. [4] 34 [5] $ 22. [6] $ 374 [10] 34 [11] $ 19. [12] $ [14] 34 [15] 19 [16] 12 [17] 12 [18] 144Step by Step Solution
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