Chapter six homework (graded) wlook Perpetual Inventory Using LIFO The following units of a particular item were available for sale during the calendar year Inventory 3,800 units at $39 Jan. 1 Apr. 19 2,500 units June 30 Purchase 4,400 units at $44 Sept. 2 Sale 5,100 units Nov. 15 Purchase 2,000 units at $46 The fum maintains a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale, assuming the last-in, first-out method. Present the data in the farm llustrated in Exhibit 4, Under LIFO, if units are in inventory at two or more different costs, enter the units with the LOWER unit cost first in the Inventory Unit Cost column Schedule of Cost of Goods Sold Purchases Date Jan. 1 Quantity Cost Total Cost Quantity Apc 19 June 30 4,400 2,500 193,000 Sept. 3 Nov. 15 2,000 Dec. 31 Dalances Check My Work more Check My Work uses remaining Assignment Score: 47.6% 93,000 5,100 LIFO Method Cost of Goods Sold Unit Cost Total Cost Quantity Inventory Unit Cost Total Cost 97,500 xx Save and Ext Previous Next Submit Assignment for Gra