ch6 Q1

Perpetual inventory using FIFO The following units of a particular ikem were avallable for sale during the calendar year: This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and inpue your arswers in the question below. Open spreadsheet The firm maintains a perpetual inventory system. Determine the cost of goods soid for each sale and the inventory balance after each sale, assuming the first.in, frist-out meti 3. Under FiFo, it units are in inventory at two different costs, enter the units with the LowER unit cost first in the Coet of Goods Sold Unit cost column and in the tiventory un Sichedile of Cost of thoods sold