Calculator Print Item Show Me How Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 44 units @ $59 10 Sale 29 units 15 Purchase 54 units @ $63 20 Sale 30 units 24 Sale 8 units 30 Purchase 38 units @ $66 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 form illustrated in Exhibit 4. Under LIFO, If units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column Schedule of Cost of Merchandise Sold LIFO Method Portable Game Players Cost of Cost of Date Quantity Purchases Purchases Quantity Merchandise Merchandise Inventory Inventory Purchased Unit Cost Total Cost Sold Sold Unit Sold Total Quantity Unit Cost Cost Cost 3 9 Invent Total Apr. 2.39 Check My Work 1 more Check My Work uses remaining Previous Next > Solved: Periodic Inventory By inree Methods; Answer to Periodic Inventory by Three Methods: Cost of Merchan item available for sale during the year we....... system is used. Deter and the cost of merchandise sold by three methods. Round Inter decimal and final answers to the nearest whole dollar USE win ang LOWER unit cost first in the Inventory Unit Cost column. Schedule of Cost of Merchandise Sold LIFO Method Portable Game Players Cost of Cost of Quantity Merchandise Merchandise Sold Sold Unit Sold Total Cost Cost Date Quantity Purchased Purchases Unit Cost Purchases Total Cost Inventory Quantity Inventory Unit Cost Total Cost $ 59 2.596 44 5 29 $ 59 $ 1,711 1 15 x 59 X 85 X 15 NAS X 3.402 X 23 X 63 1.449 X X 1.953 X 1.953 X 2.COM Apr. palance Check My Work 1 more Check My Work uses remaining Previous Next > Solved: Periodic inventory By Three Method Answer to Periodic Inventory by Three Methods: Cost of Me item available for sale during the year we...... system is used and the cost of merchandise sold by three methods. Round decimal and final answers to the nearest whole dollar